Form 4: TXO Partners Director Acquires 5,500 Common Units
SEC Form 4 Filing
William H. Adams III, a director of TXO Partners, acquired 5,500 common units and holds 98,284 common units following the transaction on January 31, 2025.
Summary
- On January 31, 2025, William H. Adams III, a director of TXO Partners, acquired 5,500 common units.
- The acquisition was made in the form of phantom units, each equivalent to one common unit.
- These phantom units will vest on January 31, 2026, and will be settled in common units upon vesting.
- Following the transaction, Adams beneficially owns 98,284 common units.
- Adams is a Director of TXO GP, LLC, the general partner of TXO Partners, L.P.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of 5,500 common units in the form of phantom units. |
| 01/31/2026 | Vesting date of the phantom units. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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