Form 4: TXO Partners Director Rick Jacob Settle Reports Acquisition and Disposal of Common Units
SEC Form 4 Filing
Director Rick Jacob Settle reports changes in beneficial ownership of TXO Partners, L.P. common units, including the acquisition of phantom units and disposal of common units.
Summary
- On January 31, 2025, Rick Jacob Settle, a director of TXO Partners, L.P., reported acquiring 5,500 phantom units, each equivalent to one common unit, at a price of $0.
- These phantom units will vest on January 31, 2026.
- Settle also reported disposing of 26,716 common units.
- Following these transactions, Settle's beneficial ownership includes 26,716 common units.
- The reporting person is a Director of TXO GP, LLC, the general partner of the Issuer (the 'General Partner').
- The Issuer is managed by the directors and executive officers of the General Partner.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the transactions of company directors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of 5,500 phantom units and disposal of 26,716 common units. |
| 01/31/2026 | Vesting date for the 5,500 phantom units. |
| 02/04/2025 | Date of signature by Attorney-in-fact. |
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