CVR Partners (NYSE: UAN) CEO exercises phantom units, sells common units, gains new award
Rhea-AI Filing Summary
CVR Partners, LP reported insider activity by its President and CEO, who is also a director, involving common units and phantom units on December 10, 2025. The reporting person exercised 2,000 phantom units into common units at an exercise price of $0 and disposed of 2,000 common units at an average price of $94.92. Similar paired transactions occurred for additional blocks of 3,689 and 3,421 common units at the same sale price, leaving 30,593 common units beneficially owned directly.
The filing also shows a new award of 8,482 phantom units granted as compensation. Phantom units from various grant dates vest annually over three years and, upon vesting, either pay cash based on the 10-day average closing price or, for the newest award, may deliver one common unit or an equivalent cash amount, as determined by the board or compensation committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 2,000 | $0.00 | -- |
| Exercise | Phantom Units | 3,689 | $0.00 | -- |
| Exercise | Phantom Units | 3,421 | $0.00 | -- |
| Grant/Award | Phantom Units | 8,482 | $0.00 | -- |
| Exercise | Common Units | 2,000 | $0.00 | -- |
| Disposition | Common Units | 2,000 | $94.92 | $190K |
| Exercise | Common Units | 3,689 | $0.00 | -- |
| Disposition | Common Units | 3,689 | $94.92 | $350K |
| Exercise | Common Units | 3,421 | $0.00 | -- |
| Disposition | Common Units | 3,421 | $94.92 | $325K |
Footnotes (1)
- The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 14, 2022. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. Each Phantom Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a common unit of CVR Partners, LP for the 10 trading days immediately preceding the vest date. This price represents the average closing price of a common unit of CVR Partners, LP for the 10 trading days immediately preceding the vest date. The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 13, 2023. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 11, 2024. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. The Phantom Units expire immediately upon vest. The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 10, 2025. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. Each Phantom Unit reported herein represents the right to receive upon vesting, one common unit of CVR Partners, LP or a cash payment equal to the average closing price of a common unit of CVR Partners, LP for the 10 trading days immediately preceding the vest date, as determined by the Board or the Compensation Committee, as applicable, in its sole discretion.
