NGL Energy CEO granted 700,000 restricted units
NGL Energy Partners LP reported that Chief Executive Officer H Michael Krimbill received a grant of 700,000 restricted common units on July 15, 2026 under the NGL Long Term Incentive Plan at $0.00 per unit.
Rhea-AI Filing Summary
NGL Energy Partners LP reported that Chief Executive Officer H Michael Krimbill received a grant of 700,000 restricted common units on July 15, 2026 under the NGL Long Term Incentive Plan at $0.00 per unit. These restricted units vest in installments. Following the grant, he directly held 3,678,615 common units, including 221,983 units in an IRA custody account. Additional common units are held indirectly through several entities; for certain entities he exercises sole voting and disposition power and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 700,000 shares
Grant/Award
5 txns
Insider
KRIMBILL H MICHAEL
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units F1, F2 | 700,000 | $0.00 | $0.00 |
| holding | Common Units F3 | -- | -- | -- |
| holding | Common Units F4 | -- | -- | -- |
| holding | Common Units F5 | -- | -- | -- |
| holding | Common Units F6 | -- | -- | -- |
Holdings After Transaction:
Common Units — 3,678,615 shares (Direct);
Common Units — 2,046,403 shares (Indirect, SEE FTN)
Footnotes (6)
- F1. Represents restricted units granted under the NGL Long Term Incentive Plan. The restricted units vest in installments according to the restricted unit award agreement. This is not an open market purchase of securities.
- F2. 221,983 of these units are owned directly by Stifel Nicolaus as Custodian for Michael Krimbill IRA controlled by the Reporting Person as the sole beneficiary of the account.
- F3. These units are owned directly by Krimbill Enterprises LP and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
- F4. These units are owned directly by Krim2010, LLC, which is owned by Krimbill Enterprises LP, the Reporting Person and James E. Krimbill. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
- F5. These units are owned directly by KrimGP2010, LLC, which is solely owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
- F6. These units are owned directly by Krimbill Enterprises LP II and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
Key Figures
Restricted units granted: 700,000 common units
Grant price: $0.00 per unit
Direct common units after grant: 3,678,615 units
+5 more
8 metrics
Restricted units granted
700,000 common units
Grant under NGL Long Term Incentive Plan on July 15, 2026
Grant price
$0.00 per unit
Equity award, not an open-market purchase
Direct common units after grant
3,678,615 units
Total direct holdings following the reported grant
IRA-held units
221,983 units
Held by Stifel Nicolaus as custodian for Michael Krimbill IRA
Krimbill Enterprises LP indirect units
648,000 units
Owned directly by Krimbill Enterprises LP
Krim2010, LLC indirect units
904,848 units
Owned directly by Krim2010, LLC
KrimGP2010, LLC indirect units
363,555 units
Owned directly by KrimGP2010, LLC
Krimbill Enterprises LP II indirect units
130,000 units
Owned directly by Krimbill Enterprises LP II
Key Terms
restricted units, NGL Long Term Incentive Plan, pecuniary interest, beneficial ownership
4 terms
restricted units financial
"Represents restricted units granted under the NGL Long Term Incentive Plan."
NGL Long Term Incentive Plan financial
"granted under the NGL Long Term Incentive Plan. The restricted units vest"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of all the reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did NGL (NGL) CEO H Michael Krimbill report?
H Michael Krimbill reported receiving a grant of 700,000 restricted common units of NGL Energy Partners on July 15, 2026. The equity award was issued under the NGL Long Term Incentive Plan at $0.00 per unit, reflecting compensation rather than an open-market purchase of units.
How many NGL (NGL) restricted units were granted and on what terms?
Krimbill was granted 700,000 restricted common units at $0.00 per unit. The units were issued under the NGL Long Term Incentive Plan and vest in installments according to the restricted unit award agreement, instead of being immediately transferable like openly purchased common units.
What are H Michael Krimbill’s direct NGL (NGL) holdings after this grant?
After the restricted unit grant, Krimbill directly held 3,678,615 common units of NGL Energy Partners. This direct position includes 221,983 units held by Stifel Nicolaus as custodian for a Michael Krimbill IRA, where he is the sole beneficiary of the account.
Is the reported NGL (NGL) Form 4 transaction an open-market purchase?
No. The Form 4 specifies that the 700,000 restricted units represent a grant under the NGL Long Term Incentive Plan. A footnote states explicitly that this is not an open market purchase of securities, distinguishing it from buying units on the public market.
How do the NGL (NGL) restricted units granted to Krimbill vest over time?
The 700,000 restricted common units granted to Krimbill vest in installments. Vesting follows the schedule set out in the restricted unit award agreement under the NGL Long Term Incentive Plan, meaning portions of the award become earned and transferable at specified future dates.
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