Form 4: Martin Midstream Partners L.P. Executive Acquires Additional Common Units
SEC Form 4 Filing
Chris H. Booth, VP/General Counsel/Secretary of Martin Midstream Partners L.P., reports the acquisition of additional common units through reinvestment of cash distributions and indirect ownership via Mibech Holdings LLC.
Summary
- On May 17, 2024, Chris H. Booth, VP/General Counsel/Secretary of Martin Midstream Partners L.P., acquired 0.4421 common units at an unspecified price.
- These units were acquired through the reinvestment of cash distributions from a benefit plan.
- Booth also indirectly owns 22,375 common units through Mibech Holdings LLC, of which he is the sole member and manager.
- Following the reported transaction, Booth directly owns 3 common units and indirectly owns 22,375 common units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a transaction related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing reflects routine transactions related to executive compensation and ownership in a publicly traded partnership, which is common in the energy infrastructure sector.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of units acquired by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Acquisition of common units through reinvestment of cash distributions. |
| 05/20/2024 | Date of signature on the SEC Form 4. |
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