Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NRP | Phantom Units | Award | $0 | +12.8K | $0.00 | 12.8K | Feb 1, 2023 | Common Units | 12.8K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Represents phantom units awarded under the issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit upon vesting and includes the right to receive tandem distribution equivalent rights, pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid in cash upon vesting. |
F2 | The phantom units will vest in three substantially equal annual installments beginning on February 1, 2024. |