Form 4: NGL Energy Partners CEO H. Michael Krimbill Increases Stake in Company

H. Michael Krimbill, CEO of NGL Energy Partners, reports purchasing common units of the company on February 13th and 14th, 2025, increasing his direct and indirect holdings.

Summary

• H. Michael Krimbill, the CEO of NGL Energy Partners LP, has reported the acquisition of additional common units of the company.
• On February 13, 2025, Krimbill purchased 25,983 common units at a weighted average price of $4.323, with prices ranging from $4.25 to $4.40, and 15,000 common units at a weighted average price of $4.4937, with prices ranging from $4.3724 to $4.52.
• On February 14, 2025, he acquired 14,017 common units at a weighted average price of $4.778, with prices ranging from $4.5917 to $4.783, and 45,000 common units at a weighted average price of $4.7967, with prices ranging from $4.6877 to $4.8899.
• Following these transactions, Krimbill directly owns 2,978,615 common units and indirectly owns 648,000 common units through Krimbill Enterprises LP, 130,000 through Krimbill Enterprises LP II, 904,848 through Krim2010, LLC, and 363,555 through KrimGP2010, LLC.
• He also has indirect ownership of 603,000 common units through Krimbill Enterprises LP.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the CEO's increased investment in the company, which can be interpreted as a sign of confidence in its future performance.

Positives

• The CEO's purchase of shares could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued.

Stakeholder Impact

• Shareholders may view the CEO's purchase of common units as a positive signal.

Key Dates

Keywords

NGL Energy Partners, H. Michael Krimbill, common units, beneficial ownership, SEC Form 4, insider trading