|4Feb 3, 5:00 PM ET

Settle Rick Jacob 4

4 · TXO Partners, L.P. · Filed Feb 3, 2026

Research Summary

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TXO Director Rick Jacob Settle Receives Award

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.

Insider Transaction Report

Form 4
Period: 2026-01-31
Transactions
  • Award

    Common Units

    [F1]
    2026-01-31+10,66737,383 total
Footnotes (1)
  • [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.
Signature
/s/ Brent W. Clum, Attorney-in-fact|2026-02-03

Documents

1 file
  • 4
    ownership.xmlPrimary

    4