Settle Rick Jacob 4

What Happened

• Rick Jacob Settle, a director of TXO GP, LLC (the general partner of TXO Partners, L.P.), received an award of 10,667 phantom units on 2026-01-31. The award is reported at a grant price of $0.00 (total reported $0). These are derivative awards, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-03.
• Transaction type: A = Award/Grant of phantom units (10,667 units) at $0.00.
• Reported value: $0 (grant price $0.00; economic value tied to common units on settlement).
• Vesting: Phantom units will vest and be settled in common units on January 31, 2027 (see footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Reporting relationship: Settle is a director of the Issuer’s general partner; the issuer is managed by the general partner’s directors and officers.

Context

• Phantom units are a form of deferred/phantom equity: each unit is the economic equivalent of one common unit and will convert to actual common units upon vesting. Because this is a grant (not a cash purchase or sale), it does not reflect an immediate cash outflow or proceeds and is a compensation/retention event rather than an open-market trade.