King Luther Jr 4
4 · TXO Partners, L.P. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
TXO Partners (TXO) Director Luther King Jr Receives Award
What Happened
Luther King Jr, a director of TXO GP, LLC (the general partner of TXO Partners, L.P.), was granted 10,667 phantom units on January 31, 2026. The grant was reported at $0.00 per unit (no cash paid). Each phantom unit is the economic equivalent of one common unit and will be settled in common units upon vesting on January 31, 2027. This is an award/grant (not a purchase or sale).
Key Details
- Transaction date: January 31, 2026; filing date: February 11, 2026 (filing appears outside the usual 2-business-day Form 4 window).
- Grant: 10,667 phantom units awarded at $0.00 per unit.
- Vesting/settlement: Phantom units vest and will be settled in common units on January 31, 2027 (Footnote F1).
- Holdings noted in filing (Footnote F2): related LKCM entities hold a combined 3,071,796 common units (1,522,733 + 1,538,797 + 10,266); Mr. King disclaims beneficial ownership of those units except for any pecuniary interest.
- Role: Mr. King is a director of TXO GP, LLC, which manages the issuer (remark in filing).
Context
Phantom unit awards are a form of long-term compensation that give the holder the economic benefit of common units without immediate share issuance. Because these units vest in the future and were granted at no cash cost, this transaction is an award rather than an immediate purchase or sale — it does not necessarily signal immediate trading intent. The late filing may be noteworthy for disclosure timeliness but does not change the substance of the award.
Insider Transaction Report
- Award
Common Units
[F1]2026-01-31+10,667→ 751,111 total
- 3,071,796(indirect: See footnote)
Common Units
[F2]
Footnotes (2)
- [F1]Reflects phantom units. Each phantom unit is the economic equivalent of one common unit of the Issuer and will be settled in common units upon vesting. The phantom units will vest on January 31, 2027.
- [F2]Includes (i) 1,522,733 common units held by LKCM Investment Partnership, L.P. (LIP), (ii) 1,538,797 common units held by PDLP Morningstar, LLC, a wholly-owned subsidiary of LKCM Private Discipline Master Fund, SPC (PDP), and (iii) 10,266 common units held by a separately managed account for which Luther King Capital Management Corporation (LKCM) serves as investment advisor. LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LIP. LKCM Private Discipline Management, L.P. (PDP GP) is the sole holder of management shares of PDP. LKCM serves as the investment adviser for each of LIP and PDP. Mr. King is the President and controlling shareholder of LKCM and a controlling member and/or partner of LIP GP and PDP GP. Mr. King expressly disclaims beneficial ownership of the common units reported herein except to the extent of his pecuniary interest therein.