Form 4: Director Waldheim Receives USAC Restricted Units

USA Compression Partners director William S. Waldheim was granted 4,338 restricted common units as part of a long-term incentive plan.

Summary

• William S. Waldheim, a Director of USA Compression Partners, LP, acquired 4,338 Common Units.
• The acquisition occurred on January 2, 2026, and was an award of Restricted Units under the USA Compression Partners, LP Long-Term Incentive Plan.
• The units were granted at a price of $0, indicating they are compensation rather than a purchase.
• Following this transaction, Mr. Waldheim beneficially owns a total of 53,453 Common Units.
• The Restricted Units will vest in two tranches: 60% on December 5, 2028, and 40% on December 5, 2030.
• Vesting is generally contingent upon Mr. Waldheim's continued employment with USA Compression Partners, LP or one of its affiliates.

Sentiment

Score: 6

Explanation: The filing reports a routine grant of restricted units to a director as part of a long-term incentive plan, which generally aligns management interests with shareholder value. This is a standard compensation event and not indicative of significant positive or negative operational news.

Positives

• The grant of restricted units aligns the director's long-term interests with those of the shareholders, incentivizing sustained performance.
• The transaction is part of a structured Long-Term Incentive Plan, indicating a formal approach to executive and director compensation.

Risks

• The vesting of the restricted units is contingent upon the reporting person's continued employment with USA Compression Partners, LP or one of its affiliates on each applicable vesting date, posing a risk of forfeiture if employment ceases.

Future Outlook

The future outlook involves the vesting of the granted restricted units on December 5, 2028, and December 5, 2030, contingent on the director's continued employment.

Industry Context

This transaction reflects a common practice in the energy midstream sector, where equity-based compensation, such as restricted units, is used to incentivize directors and executives, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• The use of restricted units with a multi-year vesting schedule is a standard compensation mechanism for directors in publicly traded companies, particularly within the energy sector, to promote long-term commitment and performance alignment.

Corporate Governance

Related Party Transactions

• The grant of 4,338 Restricted Units to William S. Waldheim, a Director of USA Compression Partners, LP, constitutes a related party transaction as it involves compensation to a key management personnel.

Stakeholder Impact

• Shareholders: The grant of restricted units aims to align the director's financial interests with long-term shareholder value creation.
• Employees: The vesting condition tied to continued employment incentivizes retention of key personnel.

Next Steps

• Vesting of 60% of the restricted units on December 5, 2028.
• Vesting of 40% of the restricted units on December 5, 2030.

Key Dates

Keywords

USAC, USA Compression Partners, Form 4, Insider Transaction, Restricted Units, Director Compensation, Long-Term Incentive Plan, Equity Award