Martin Midstream director granted 23,200 units
MASSEY C SCOTT reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
MASSEY C SCOTT reported acquisition or exercise transactions in this Form 4 filing.
Martin Midstream Partners director Scott Massey reported an equity grant and updated his unit holdings. He received a grant of 23,200 restricted common units at a price of $2.8017 per unit, bringing his directly held units to 191,678. The filing also lists 1,500 common units held indirectly through his wife and 8,000 units held indirectly through Foster Forestry Co., L.P. A footnote explains that the 8,000 units are held by the partnership, over which related entities have investment control, and that Massey disclaims beneficial ownership and has no pecuniary interest in those partnership units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 23,200 | $2.8017 | $65K |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
Footnotes (2)
- F1. Grant of restricted stock award.
- F2. Scott Massey disclaims beneficial ownership of these units, and this report shall not be deemed an admission that Mr. Massey is the beneficial owner of the units for purposes of Section 16 or for any other purpose. Mr. Massey is the sole manager of T. Foster Management, LLC (the "General Partner"), a single member LLC, which is the general partner of Foster Forestry Co., L.P. (the "Partnership"), and therefore has investment control over the units purchased by the Partnership. The General Partner is owned by the Estate of Tolbert Foster (the "Estate"), for which Mr. Massey serves as the executor. Mr. Massey is not a beneficiary of the Estate and does not own any equity interests in the General Partner or the Partnership. As such, Mr. Massey has no pecuniary interest in the units purchased by the Partnership.
AI-generated analysis. How Rhea-AI works. Not financial advice.