NGL Energy Partners LP (NGL) director awarded 24,000 restricted units
Rhea-AI Filing Summary
REINERS DEREK S reported acquisition or exercise transactions in this Form 4 filing.
NGL Energy Partners LP director Derek S. Reiners reported an equity award of 24,000 restricted common units on July 15, 2026. The units were granted under the NGL Long Term Incentive Plan, vest in installments, and increase his direct holdings to 150,000 units. This was not an open market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REINERS DEREK S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 24,000 | $0.00 | -- |
Holdings After Transaction:
Common Units — 150,000 shares (Direct)
Footnotes (1)
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Key Figures
Grant size: 24,000 units
Holdings after grant: 150,000 units
Transaction price per unit: $0.0000 per unit
+2 more
5 metrics
Grant size
24,000 units
Restricted common units granted to director Derek S. Reiners
Holdings after grant
150,000 units
Total direct common unit holdings following the award
Transaction price per unit
$0.0000 per unit
Reported price for the restricted unit grant
Transaction date
July 15, 2026
Date of restricted common unit grant
Acquisition transactions
1 transaction
Number of acquisition-type transactions reported in this filing
Key Terms
restricted units, Long Term Incentive Plan, open market purchase, Common Units
4 terms
restricted units financial
"Represents restricted units granted under the NGL Long Term Incentive Plan."
Long Term Incentive Plan financial
"Represents restricted units granted under the NGL Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
open market purchase financial
"This is not an open market purchase of securities."
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
Common Units financial
"security_title": "Common Units""
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Derek S. Reiners report for NGL (ticker NGL)?
Derek S. Reiners reported receiving 24,000 restricted common units of NGL Energy Partners LP on July 15, 2026. The award was granted under the NGL Long Term Incentive Plan, vests in installments, and increased his direct holdings to 150,000 units.
What type of security did Derek S. Reiners receive in the latest NGL Form 4?
He received 24,000 restricted common units of NGL Energy Partners LP. These are restricted units granted under the NGL Long Term Incentive Plan and are scheduled to vest in installments rather than being immediately transferable like fully vested common units.
Is Derek S. Reiners’ 24,000-unit NGL award an open market purchase?
No. The company stated the 24,000 restricted units are a grant under the NGL Long Term Incentive Plan and that this is not an open market purchase of securities, distinguishing it from buying units on a public exchange.
How many NGL units does Derek S. Reiners own after this reported grant?
After the grant, Derek S. Reiners directly holds 150,000 common units of NGL Energy Partners LP. This total includes the newly awarded 24,000 restricted units and reflects his direct ownership position following the July 15, 2026 transaction.
How do the 24,000 restricted NGL units granted to Derek S. Reiners vest?
The 24,000 restricted units granted to Derek S. Reiners vest in installments under the terms of the restricted unit award agreement. This means portions of the award become vested over time rather than all at once on the grant date.