Director at Martin Midstream (MMLP) receives 23,200-unit stock grant

Rhea-AI Filing Summary

Martin Midstream Partners director James M. Collingsworth acquired common units through an equity award. On February 17, 2026, he received 23,200 Common Units in a grant of restricted stock at a stated price of $2.8017 per unit, described as a restricted stock award.

After this grant, his directly held position increased to 172,666 Common Units. An additional 775 Common Units are reported as owned indirectly, with ownership noted as "By Wife," reflecting a separate indirect holding.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

COLLINGSWORTH JAMES M

(Last) (First) (Middle)

4200 STONE RD

(Street)

KILGORE TX 75662

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARTIN MIDSTREAM PARTNERS L.P. [ MMLP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	02/17/2026		A		23,200(1)	A	$2.8017	172,666	D
Common Units								775	I	By Wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of restricted stock award.

Remarks:

Mr. Collingsworth is a director of Martin Midstream GP LLC, the general partner of Martin Midstream Partners L.P.

	/s/ James M. Collingsworth	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did MMLP director James M. Collingsworth report?

He reported an equity award of 23,200 Martin Midstream Partners common units. The filing describes this as a grant of restricted stock, increasing his directly held position while also noting a smaller, separate indirect holding reported as owned by his wife.

How many Martin Midstream Partners (MMLP) units were granted in the award?

The award totaled 23,200 Common Units of Martin Midstream Partners. These units were granted as a restricted stock award, adding to the director’s existing holdings and forming part of his reported direct ownership position in the partnership.

What was the reported price per unit for the MMLP restricted stock award?

The restricted stock award was reported at a price of $2.8017 per Common Unit. This figure comes from the Form 4 transaction details and provides a reference value for the 23,200-unit equity grant received by the director.

What are James M. Collingsworth’s MMLP direct holdings after this transaction?

Following the grant, his direct holdings total 172,666 Common Units. This reflects the addition of the 23,200-unit restricted stock award to his prior direct position, as reported in the Form 4 insider filing submitted for Martin Midstream Partners.

What indirect Martin Midstream Partners holdings are disclosed in the Form 4?

The Form 4 reports 775 Common Units held indirectly, with the nature of ownership described as “By Wife.” This indicates a smaller, separate position associated with the director through a family relationship, distinct from his directly owned units.

How is the MMLP transaction by James M. Collingsworth classified on the Form 4?

The transaction is classified with code A, meaning a grant, award, or other acquisition. Footnotes clarify it is a grant of a restricted stock award, documenting an equity-based compensation event rather than an open-market purchase or sale.