Sivasankaran Somasundaram - Jul 3, 2023 Form 4 Insider Report for Magellan Midstream Partners, L.P. (MMP)

Role
Director
Signature
/s/ Sivasankaran Somasundaram
Stock symbol
MMP
Transactions as of
Jul 3, 2023
Transactions value $
$41,971
Form type
4
Date filed
7/5/2023, 05:49 PM
Previous filing
Jun 7, 2023
Next filing
Jul 6, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMP Phantom Units Award $42K +671 +8.74% $62.55 8.35K Jul 3, 2023 Common Units 671 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit.
F2 The phantom units become payable in cash or common units upon the reporting person's termination of service as a director in accordance with the terms of the Director Deferred Compensation Plan.