NGL Energy Partners director granted 24,000 units
Coady Shawn W reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Coady Shawn W reported acquisition or exercise transactions in this Form 4 filing.
NGL Energy Partners LP director Shawn W. Coady received 24,000 restricted common units on July 15, 2026, at $0.0000 per unit under the NGL Long Term Incentive Plan. The award is equity compensation, not an open market purchase, and increases his directly held common units to 196,304, alongside additional indirect interests held through family trusts and a family partnership where he disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Grant/Award: 24,000 shares
Grant/Award
5 txns
Insider
Coady Shawn W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units F1 | 24,000 | $0.00 | $0.00 |
| holding | Common Units F2 | -- | -- | -- |
| holding | Common Units F3 | -- | -- | -- |
| holding | Common Units F4 | -- | -- | -- |
| holding | Common Units F5 | -- | -- | -- |
Holdings After Transaction:
Common Units — 196,304 shares (Direct);
Common Units — 2,479,891 shares (Indirect, FTN)
Footnotes (5)
- 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. The units reported on this line are held by the 2012 Shawn W. Coady Irrevocable Insurance Trust, for the benefit of the Reporting Person's children. 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 of the reported securities for purposes of Section 16 or any other purpose.
- F3. The units reported on this line are held by the SWC Family Partnership LP. SWC Family Partnership LP is a limited partnership which is solely owned by SWC General Partner LLC. The Reporting Person is the sole member of SWC General Partner, LLC. 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 of the reported securities for purposes of Section 16 or any other purpose.
- F4. The units reported on this line are held by the Tara Nicole Coady Trust II, for which the Reporting Person is the trustee. 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 of the reported securities for purposes of Section 16 or any other purpose.
- F5. The units reported on this line are held by the Colleen Blair Coady Trust, for which the Reporting Person is the trustee. 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 of the reported securities for purposes of Section 16 or any other purpose.
Key Figures
Restricted units granted: 24000.0000 Common Units
Grant price per unit: $0.0000 per unit
Direct holdings after grant: 196304.0000 Common Units
+4 more
7 metrics
Restricted units granted
24000.0000 Common Units
Restricted units granted on July 15, 2026 under the NGL Long Term Incentive Plan
Grant price per unit
$0.0000 per unit
Compensation-related equity award, not an open market purchase
Direct holdings after grant
196304.0000 Common Units
Directly held common units following the July 15, 2026 restricted unit award
Irrevocable Insurance Trust holdings
135000.0000 Common Units
Units held by the 2012 Shawn W. Coady Irrevocable Insurance Trust for his children
SWC Family Partnership LP holdings
2320391.0000 Common Units
Units held by SWC Family Partnership LP associated with the reporting person
Tara Nicole Coady Trust II holdings
12250.0000 Common Units
Units held by the Tara Nicole Coady Trust II, for which Coady is trustee
Colleen Blair Coady Trust holdings
12250.0000 Common Units
Units held by the Colleen Blair Coady Trust, for which Coady is trustee
Key Terms
restricted units, NGL Long Term Incentive Plan, Irrevocable Insurance Trust, pecuniary interest, +1 more
5 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."
Irrevocable Insurance Trust financial
"held by the 2012 Shawn W. Coady Irrevocable Insurance Trust, for the benefit of the Reporting Person's children."
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of all of 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did NGL (NGL) director Shawn W. Coady report?
Shawn W. Coady reported receiving 24,000 restricted common units of NGL Energy Partners on July 15, 2026. The units were granted at $0.0000 under the NGL Long Term Incentive Plan as equity compensation and will vest in installments under the related award agreement.
How many NGL (NGL) common units does Shawn W. Coady hold directly after this grant?
After the July 15, 2026 award, Shawn W. Coady directly holds 196,304 common units of NGL Energy Partners. This figure reflects his direct ownership position following the grant of 24,000 restricted units described in the Form 4 report.
Are the 24,000 NGL (NGL) units an open-market purchase?
No. The 24,000 units are restricted units granted under the NGL Long Term Incentive Plan at $0.0000 per unit. A footnote explains that this is not an open market purchase of securities but a compensation-related equity award to the director.
Were the reported NGL (NGL) transactions under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox on the Form 4 is not marked for these transactions. The report therefore presents the equity grant and reported holdings without identifying them as trades pre-programmed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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