Krant David Tyler 4
Research Summary
AI-generated summary
Brookfield Infrastructure (BIP) CFO David Krant Buys Stock
What Happened
- David Tyler Krant, Chief Financial Officer of Brookfield Infrastructure Partners L.P. (BIP), reported two purchases on May 1, 2026. He bought 1,150 BIP units at $48.10 each for $55,315 and acquired 2,000 Class A exchangeable shares of Brookfield Infrastructure Corporation at $37.42 each for $74,840. Both transactions are reported as purchases (insider buying).
Key Details
- Transaction dates and prices: May 1, 2026 — 1,150 shares @ $48.10 (total $55,315); May 1, 2026 — 2,000 exchangeable shares @ $37.42 (total $74,840).
- Aggregate value of reported purchases: $130,155.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnote: The 2,000 shares are Class A Exchangeable Subordinate Voting Shares of Brookfield Infrastructure Corporation, which may be exchanged one-for-one into non-voting limited partnership units of Brookfield Infrastructure Partners L.P. (or for cash equivalent) — see footnote F1 for details.
- Filing timeliness: Transaction reported on Form 4 filed May 5, 2026; filing is within the required two business days and is not marked late.
- Other notes: The filing includes Exhibit 24.1 (Power of Attorney incorporated by reference). No 10b5-1 plan, tax withholding, or other special sale/exercise mechanics are indicated in the filing.
Context
- These were purchases rather than sales; insider buys are often watched by investors as one data point about executive conviction, but the filing itself does not state the insider’s motive.
- The second line represents acquisition of exchangeable shares (a convertibility feature) rather than a standard unrestricted common-unit purchase — those exchangeable shares can be converted into BIP units or settled in cash per the terms noted.