Form 4: Kimbell Royalty Partners VP Peter Alcorn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Alcorn, Vice President of Land at Kimbell Royalty Partners, reports the disposition of common units to cover tax obligations.
Summary
- Peter Alcorn, Vice President Land at Kimbell Royalty Partners, reported changes in beneficial ownership of common units.
- On March 3, 2024, 2,498 common units were disposed of at a price of $15.65.
- On March 4, 2024, 974 common units were disposed of at a price of $15.65.
- Following these transactions, Alcorn directly owns 75,838 common units.
- Alcorn also indirectly owns 7,220 common units through his wife and 530 common units through Alcorn Royalties, LLC, where he is a member.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Disposition of 2,498 common units. |
| 03/04/2024 | Disposition of 974 common units. |
| 03/05/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.