William H. Moore - Feb 14, 2023 Form 4 Insider Report for Crestwood Equity Partners LP (CEQP)

Role
EVP - Corporate Strategy
Signature
/s/ Judy Riddle, attorney-in-fact for William H. Moore
Stock symbol
CEQP
Transactions as of
Feb 14, 2023
Transactions value $
-$5,778
Form type
4
Date filed
2/16/2023, 04:30 PM
Previous filing
Feb 14, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEQP Common Units Award $0 +472 +0.2% $0.00 239K Feb 14, 2023 Direct F1, F2, F3
transaction CEQP Common Units Tax liability -$5.78K -216 -0.09% $26.75 239K Feb 14, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Distribution PIK Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to Distribution PIK Units with a value equal to the amount of the distribution paid on each of CEQP's common units. On February 14, 2023, CEQP paid a quarterly cash distribution to holders of its common units in an amount equal to $0.655 per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person receives a number of Distribution PIK Units in respect of each Distribution Equivalent Right with a value (based on the closing price of CEQP's common units on the record date ($26.75) equal to the per unit amount of the distribution.
F2 Represents the aggregate number of common units issuable upon the vesting of a performance unit award granted under the Crestwood Equity Partners Long Term Incentive Plan, as amended that did not constitute a derivative security on the date of grant. The performance unit award was settled at a multiplier of 135%.
F3 Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plans, as amended.