Form 4: TXO Partners Executive Sells Shares to Cover Tax Obligations

Scott T. Agosta, Chief Accounting Officer of TXO Partners, sold 4,379 common units to cover tax withholding obligations related to vesting equity awards.

Summary

• On March 8, 2024, Scott T. Agosta, the Chief Accounting Officer of TXO Partners, sold 4,379 common units of TXO Partners, L.P.
• The sale was executed at a price of $18.54 per unit.
• This transaction was to satisfy tax withholding obligations related to the vesting of certain equity awards, as mandated by the Issuer's policy.
• Following the transaction, Agosta directly owns 120,083 common units.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure.

Management Comments

• The sale is mandated by the Issuer's policy requiring the satisfaction of tax withholding obligations through a 'sell to cover' transaction and does not represent a discretionary transaction by the Reporting Person.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates