USAC officer sells 40,000 common units
USA Compression Partners, LP officer Christopher W. Porter reported an open-market sale of 40,000 common units.
Rhea-AI Filing Summary
USA Compression Partners, LP officer Christopher W. Porter reported an open-market sale of 40,000 common units. The weighted average sale price was $26.64 per unit, with individual trades executed between $26.45 and $27.00. After these transactions, Porter directly owns 108,001 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares
Net Sell
1 txn
Insider
Porter Christopher W
Role
See Remarks
Sold
40,000 shs ($1.07M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units | 40,000 | $26.64 | $1.07M |
Holdings After Transaction:
Common Units — 108,001 shares (Direct)
Footnotes (1)
- F1. Represents the weighted average unit price of an aggregate total of 40,000 common units sold in the price range of $26.45 to $27.00 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, USA Compression Partners, LP (the "Issuer") or a security holder of the Issuer, full information regarding the number of common units sold at each separate price.
FAQ
What insider transaction did Christopher W. Porter report for USAC?
Christopher W. Porter reported selling 40,000 common units of USA Compression Partners, LP in an open-market transaction. The sale was disclosed on a Form 4 and reflects a direct ownership change in his holdings of the partnership’s common units.
At what price did Christopher W. Porter sell USAC common units?
The reported weighted average sale price was $26.64 per common unit. According to the footnote, the 40,000 units were sold in multiple trades within a price range of $26.45 to $27.00, all attributed to the same reporting person.
How many USA Compression Partners (USAC) units does Porter own after the sale?
Following the reported sale, Christopher W. Porter directly owns 108,001 common units of USA Compression Partners, LP. This post-transaction balance reflects his remaining direct holdings after disposing of 40,000 common units in the open market.
What does the Form 4 footnote say about the USAC insider sale prices?
The footnote explains that 40,000 common units were sold at prices ranging from $26.45 to $27.00. It states the $26.64 figure is a weighted average and that full breakdowns by individual sale price are available upon request from the issuer or regulators.
Was the USAC insider transaction by Christopher W. Porter a direct or indirect holding change?
The transaction involved a direct holding change, as indicated by the “D” ownership code. Porter is listed as the reporting person, and the 40,000 common units sold and 108,001 units remaining are both characterized as directly owned common units.
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