COLLINGSWORTH JAMES M 4

What Happened

• James M. Collingsworth, a director of NGL Energy Partners LP (NGL), was granted 24,000 restricted units (an award/acquisition) on July 15, 2026. The units were granted at $0.00 (no cash exchanged at grant).
• These are restricted units awarded under the NGL Long Term Incentive Plan; they are compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15; filing date: 2026-07-17 (filed within the typical Form 4 reporting window).
• Transaction type: A (award/grant); number of units: 24,000; price per unit at grant: $0.00.
• Shares/units owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: Units are restricted and vest in installments per the restricted unit award agreement.
  • F2: 2,000 of these units are owned jointly by Collingsworth and his spouse, Cindy Collingsworth.
  • F3: Some units referenced are held jointly by the reporting person’s spouse and sister‑in‑law.
  • F4: Some units referenced are held by the reporting person’s spouse.
• No indication this was a sale, exercise, or tax-withholding event.

Context

• Restricted-unit awards are compensation that typically vest over time and may not be tradable until vesting conditions are met; they do not represent an immediate market purchase or sale.
• The grant signals company compensation to a director but should not be interpreted alone as a buy/sell endorsement; vesting schedule and total holdings matter for longer-term impact.