NGL Energy Partners (NYSE: NGL) grants director 24,000 restricted common units
Rhea-AI Filing Summary
COLLINGSWORTH JAMES M reported acquisition or exercise transactions in this Form 4 filing.
NGL Energy Partners LP reported that director James M. Collingsworth received a grant of 24,000 restricted Common Units on July 15, 2026, at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan. These restricted units vest in installments according to the related award agreement.
Following this equity award, he directly holds 753,500 Common Units, including 2,000 units owned jointly with his spouse. Indirect holdings reported include 9,500 units held jointly by his spouse and sister-in-law and 870 units held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
COLLINGSWORTH JAMES M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 24,000 | $0.00 | -- |
| holding | Common Units | -- | -- | -- |
| holding | Common Units | -- | -- | -- |
Holdings After Transaction:
Common Units — 753,500 shares (Direct);
Common Units — 9,500 shares (Indirect, SEE FN)
Footnotes (1)
- Represents restricted units granted under the NGL Long Term Incentive Plan. The restricted units vest in installments according to the restricted unit award agreement. 2,000 of these units are owned jointly by the Reporting Person and his spouse, Cindy Collingsworth The units reported on this line are held jointly by the Reporting Person's spouse and sister-in-law. The units reported on this line are held by the Reporting Person's spouse.
Key Figures
Restricted units granted: 24,000 Common Units
Grant price per unit: $0.0000 per Common Unit
Direct holdings after award: 753,500 Common Units
+3 more
6 metrics
Restricted units granted
24,000 Common Units
Restricted Common Units granted on 2026-07-15 under the NGL Long Term Incentive Plan
Grant price per unit
$0.0000 per Common Unit
Stated transaction price per unit for the 24,000-unit restricted award
Direct holdings after award
753,500 Common Units
Directly held NGL Common Units following the 24,000-unit grant on 2026-07-15
Joint units with spouse
2,000 Common Units
Portion of direct holdings owned jointly by the reporting person and spouse
Indirect units via spouse and sister-in-law
9,500 Common Units
Units held jointly by spouse and sister-in-law, reported as indirect ownership
Indirect units via spouse
870 Common Units
Units held by the reporting person’s spouse, reported as indirect ownership
Key Terms
restricted units, NGL Long Term Incentive Plan, indirect ownership
3 terms
restricted units financial
"Represents restricted units granted under the NGL Long Term Incentive Plan."
NGL Long Term Incentive Plan financial
"Represents restricted units granted under the NGL Long Term Incentive Plan."
indirect ownership financial
"The units reported on this line are held by the Reporting Person's spouse."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did NGL (NGL) director James M. Collingsworth receive?
James M. Collingsworth received a grant of 24,000 restricted Common Units of NGL Energy Partners LP. The units were granted at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan and will vest in installments over time.
How many NGL (NGL) common units does James M. Collingsworth hold after the award?
After the grant, James M. Collingsworth directly holds 753,500 Common Units of NGL Energy Partners LP. This direct position includes 2,000 units owned jointly with his spouse, in addition to separate indirect family holdings reported in the same ownership update.
Are the 24,000 NGL (NGL) units a market purchase or a compensation grant?
The 24,000 Common Units are a restricted unit compensation grant, not a market purchase. They were issued at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan and vest in installments per the award agreement.
What indirect NGL (NGL) holdings are associated with James M. Collingsworth?
Indirect interests include 9,500 Common Units held jointly by his spouse and sister-in-law and 870 Common Units held by his spouse. These positions are reported as indirect ownership and are separate from his 753,500 directly held units.
How do the restricted NGL (NGL) units granted to Collingsworth vest?
The 24,000 restricted Common Units granted to Collingsworth vest in installments. Vesting follows the schedule set out in the restricted unit award agreement under the NGL Long Term Incentive Plan, rather than becoming fully transferable immediately at grant.
How many NGL (NGL) units does James M. Collingsworth jointly own with his spouse?
Within his direct position, 2,000 Common Units are owned jointly with his spouse. Separate from that, his spouse also holds 870 Common Units, and an additional 9,500 Common Units are held jointly by his spouse and sister-in-law as indirect interests.