GUDERIAN BRYAN K 4

What Happened
Bryan K. Guderian, a director of NGL Energy Partners LP (NGL), received an award of 24,000 restricted units on July 15, 2026. The Form 4 lists the acquisition as 24,000 units at $0.00 per unit (grant); this is an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-17.
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 24,000 restricted units; acquisition price shown as $0.00 (grant).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote: Grant represents restricted units under the NGL Long Term Incentive Plan; units vest in installments per the restricted unit award agreement (not an open-market purchase).
• No indication in this filing that the transaction was part of a 10b5-1 plan, a sale, or a tax withholding event.

Context
Restricted unit grants are a common form of long-term compensation for executives and directors. They vest over time according to the award agreement, so the recipient does not have immediate unrestricted shares to sell. This filing reports the grant itself and does not indicate any immediate sale or exercise.