Director at USA Compression (NYSE: USAC) granted 2,500 phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holotik Jim reported acquisition or exercise transactions in this Form 4 filing.
USA Compression Partners, LP director Jim Holotik received an equity award of 2,500 phantom units as compensation. These units are tied to the company’s common units representing limited partner interests rather than being bought on the open market.
According to the award terms, 60% of the phantom units will vest on December 5, 2028 and the remaining 40% will vest on December 5, 2030. Each phantom unit represents the right to receive one common unit after it vests, and Holotik is reported as directly owning 2,500 units following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holotik Jim
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common units representing limited partner interests | 2,500 | $0.00 | -- |
Holdings After Transaction:
Common units representing limited partner interests — 2,500 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom units granted: 2,500 units
First vesting tranche: 60%
Second vesting tranche: 40%
+2 more
5 metrics
Phantom units granted
2,500 units
Grant of phantom units to director Jim Holotik
First vesting tranche
60%
Portion of phantom units vesting on December 5, 2028
Second vesting tranche
40%
Portion of phantom units vesting on December 5, 2030
Units after transaction
2,500 units
Total units reported as directly owned following the grant
Grant price
$0.0000 per unit
Indicates a compensation award, not a market purchase
Key Terms
phantom units, vest, common units representing limited partner interests, grant, award, or other acquisition
4 terms
phantom units financial
"Award of phantom units, 60% of which will vest on December 5, 2028"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
vest financial
"60% of which will vest on December 5, 2028 and 40% of which will vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
common units representing limited partner interests financial
"Common units representing limited partner interests"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Jim Holotik report in this USA Compression (USAC) Form 4 filing?
Jim Holotik reported receiving an award of 2,500 phantom units tied to USA Compression common units. This is a compensation-related acquisition, not an open-market purchase, and results in Holotik being reported as directly owning 2,500 units following the transaction.
How many USA Compression (USAC) phantom units were granted to Jim Holotik?
Jim Holotik was granted 2,500 phantom units linked to USA Compression common units. These phantom units are part of an equity award and each represents the right to receive one common unit of USA Compression Partners, LP after the applicable vesting conditions are met.
When do Jim Holotik’s USA Compression (USAC) phantom units vest?
Holotik’s phantom units vest in two stages: 60% on December 5, 2028 and 40% on December 5, 2030. Vesting means he becomes entitled to receive USA Compression common units corresponding to each phantom unit as those future dates are reached.
Are Jim Holotik’s USA Compression (USAC) phantom units an open-market purchase?
No. The Form 4 describes the transaction as a grant or award acquisition of phantom units at a price of $0.0000 per unit. This indicates a compensation award rather than an open-market buy, with units delivered in the future as they vest into common units.
How many USA Compression (USAC) units does Jim Holotik own after this transaction?
After this grant, Holotik is reported as directly holding 2,500 units. These are associated with the phantom unit award, where each phantom unit represents the right to receive one common unit of USA Compression Partners, LP once the stated vesting conditions and dates are satisfied.