Alcorn Peter 4
Research Summary
AI-generated summary
Kimbell Royalty (KRP) VP Peter Alcorn Receives 17,126-Unit Award
What Happened
Peter Alcorn, Vice President - Land at Kimbell Royalty Partners (KRP), was granted 17,126 common units on February 24, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at a $0.00 purchase price — i.e., an equity award rather than an open-market purchase.
Key Details
- Transaction date: 2026-02-24 (award/grant, code A)
- Reported on Form 4: filed 2026-02-26 (filed within two business days of the transaction)
- Units acquired: 17,126 common units; reported price $0.00
- Shares/units owned after transaction: not disclosed in the provided filing excerpt
- Ownership/footnote: the units are owned directly by Alcorn Royalties, LLC; the reporting person (Peter Alcorn) is a member of that LLC (indirect ownership via the LLC)
- No indication of sale, tax withholding, 10b5-1 plan, or cashless exercise in this filing
Context
An award/grant typically reflects compensation (restricted units or similar) and may vest over time; it is not an open-market purchase and doesn’t directly signal a buy/sell view by the insider. These common units represent limited partner interests in Kimbell Royalty Partners.