MASSEY C SCOTT 4
4 · MARTIN MIDSTREAM PARTNERS L.P. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Martin Midstream (MMLP) Director Scott Massey Receives Award
What Happened
Scott Massey, a director of Martin Midstream GP LLC (the general partner of Martin Midstream Partners L.P.), was granted 23,200 restricted units on Feb 17, 2026. The award was reported at $2.80 per unit, for a total reported value of $64,999. This filing reflects an award/grant of restricted stock (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-02-17; 23,200 units at $2.80 each; total $64,999.
- Filing date: 2026-02-19 (reported within the typical two-business-day window).
- Shares owned after transaction: Not specified in the provided report.
- Footnotes of note:
- F1 — The award is a grant of restricted stock.
- F2 — Mr. Massey disclaims beneficial ownership of these units: the units were acquired by Foster Forestry Co., L.P.; Mr. Massey is sole manager of the General Partner and executor of the Estate that owns the GP, but he states he has no pecuniary interest in the units.
- Role note: Mr. Massey is a director of Martin Midstream GP LLC (the company’s general partner).
Context
Restricted stock awards typically vest over time and are not immediate sales; they are compensation rather than an open-market investment. The filing’s disclaimer (F2) indicates the units were purchased by an entity related to an estate/partnership structure and that Mr. Massey disclaims personal beneficial ownership, which means this grant may not reflect his personal economic exposure to MMLP stock.
Insider Transaction Report
- Award
Common Units
[F1]2026-02-17$2.80/sh+23,200$64,999→ 191,678 total
- 1,500(indirect: By Spouse)
Common Units
- 8,000(indirect: By Foster Forestry Co., L.P.)
Common Units
[F2]
Footnotes (2)
- [F1]Grant of restricted stock award.
- [F2]Scott Massey disclaims beneficial ownership of these units, and this report shall not be deemed an admission that Mr. Massey is the beneficial owner of the units for purposes of Section 16 or for any other purpose. Mr. Massey is the sole manager of T. Foster Management, LLC (the "General Partner"), a single member LLC, which is the general partner of Foster Forestry Co., L.P. (the "Partnership"), and therefore has investment control over the units purchased by the Partnership. The General Partner is owned by the Estate of Tolbert Foster (the "Estate"), for which Mr. Massey serves as the executor. Mr. Massey is not a beneficiary of the Estate and does not own any equity interests in the General Partner or the Partnership. As such, Mr. Massey has no pecuniary interest in the units purchased by the Partnership.