REINERS DEREK S 4

What Happened
Derek Reiners, a director of NGL Energy Partners LP (NGL), was granted 24,000 restricted units on 2026-07-15 (transaction code A — award/grant). The units were reported at a $0.00 per-unit price at the time of 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 (timely filing).
• Transaction type/code: Award/Grant (A).
• Amount: 24,000 restricted units; reported price $0.00 (no cash paid).
• Reported value: $0 at grant price (award value will depend on vesting and unit value over time).
• Shares owned after transaction: Not provided in the supplied data.
• Footnote: These are restricted units granted under the NGL Long Term Incentive Plan and vest in installments per the award agreement; this is not an open market purchase.

Context
Restricted-unit awards are a form of compensation/retention and typically vest over time; they do not necessarily indicate immediate buying or selling intent. For retail investors, awarded units are less direct a bullish signal than purchases, but they can align management and board interests with long-term partner/unit performance.