Eric A. Scheller - 05 Dec 2023 Form 4 Insider Report for USA Compression Partners, LP (USAC)

Reporting relationship: Officer
Issuer ticker: USAC
Reported as of: 05 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Dec 2023, 17:19:57 UTC
Prior SEC filing: 21 Feb 2023
Next SEC filing: 19 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Eric A. Scheller

Key filing fact

Eric A. Scheller filed Form 4 for USA Compression Partners, LP (USAC) on 07 Dec 2023.

Key facts

This page summarizes Eric A. Scheller's Form 4 filing for USA Compression Partners, LP (USAC).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 07 Dec 2023, 17:19.

Change

Previous filing in this sequence was filed on 21 Feb 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

USAC transaction Derivative

Phantom Units

Award

Transaction value
Shares: +35,836
Change %
Price
Shares after: 35,836
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Units
Underlying amount: 35,836
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").

Footnote F2

The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2026 and 40% of the phantom units vesting on December 5, 2028.

Footnote F3

In the event of the cessation of the Reporting Person's service for any reason, all phantom units that have not vested prior to or in connection with such cessation of service shall automatically be forfeited. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65, 60% of his then-unvested phantom units will be forfeited at the time of retirement.

SEC remarks

The Reporting Person is the Vice President and Chief Operating Officer of USA Compression GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.