Form 4: XPLR Infrastructure Director Ketchum Reports Changes in Beneficial Ownership
SEC Form 4
Director John W. Ketchum reports acquisition and disposal of XPLR Infrastructure, LP common units due to vesting and tax obligations.
Summary
- On February 18, 2025, John W. Ketchum, a director of XPLR Infrastructure, LP, reported changes in beneficial ownership of the company's common units.
- Ketchum acquired 101,997 common units representing limited partner interests at $0, granted under the Issuer's 2024 Long Term Incentive Plan.
- He also disposed of 5,877 common units at $8.51 to satisfy tax withholding obligations on vesting of restricted units granted in previous years.
- Following these transactions, Ketchum beneficially owns 150,256 common units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Positives
- The acquisition of 101,997 common units indicates continued alignment of the director's interests with the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation and tax-related adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | Date of restricted units granted that contributed to tax obligations. |
| 02/22/2023 | Date of restricted units granted that contributed to tax obligations. |
| 02/20/2024 | Date of restricted units granted that contributed to tax obligations. |
| 02/18/2025 | Date of transaction: Acquisition and disposal of common units. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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