PHILLIPS ROBERT G 4
4 · Crestwood Equity Partners LP · Filed Feb 16, 2023
Insider Transaction Report
Form 4
PHILLIPS ROBERT G
DirectorChairman, President and CEO
Transactions
- Award
Common Units
2023-02-14+2,364→ 1,167,101 total - Tax Payment
Common Units
2023-02-14$26.75/sh−932$24,931→ 1,166,169 total
Footnotes (3)
- [F1]Represents Distribution PIK Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to Distribution PIK Units with a value equal to the amount of the distribution paid on each of CEQP's common units. On February 14, 2023, CEQP paid a quarterly cash distribution to holders of its common units in an amount equal to $0.655 per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person receives a number of Distribution PIK Units in respect of each Distribution Equivalent Right with a value (based on the closing price of CEQP's common units on the record date ($26.75) equal to the per unit amount of the distribution.
- [F2]Represents the aggregate number of common units issuable upon the vesting of a performance unit award granted under the Crestwood Equity Partners Long Term Incentive Plan, as amended that did not constitute a derivative security on the date of grant. The performance unit award was settled at a multiplier of 135%.
- [F3]Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plans, as amended.