Dunne Michael 4
Research Summary
AI-generated summary
XPLR Infrastructure Director Michael Dunne Receives 22,299 Units
What Happened
Michael Dunne, a director of XPLR Infrastructure, LP (XIFR), was granted 22,299 restricted common units on February 17, 2026. The units were issued at $0.00 (no cash exchanged) as an award under the issuer’s compensation plan; the reported acquisition value is $0.
Key Details
- Transaction type: Award/Grant (code A) — Restricted common units
- Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely)
- Units granted: 22,299; price reported: $0.00; reported dollar value: $0
- Footnote: Units granted pursuant to the Issuer's 2024 Long Term Incentive Plan; grant is exempt under Rule 16b-3
- Shares/units owned after transaction: Not specified in the provided filing
Context
Restricted common units are typically subject to vesting and other plan terms, so this grant represents compensation rather than an open-market buy (not an immediate bullish purchase). Grants made under a company LTIP and exempt under Rule 16b-3 are common for insiders and generally reflect routine equity compensation.