MASSEY C SCOTT 4
Research Summary
AI-generated summary
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.