Sivasankaran Somasundaram - 03 Apr 2023 Form 4 Insider Report for Magellan Midstream Partners, L.P. (MMP)

Role
Director
Signature
/s/ Sivasankaran Somasundaram
Issuer symbol
MMP
Transactions as of
03 Apr 2023
Net transactions value
+$42,042
Form type
4
Filing time
04 Apr 2023, 16:37:32 UTC
Previous filing
23 Feb 2023
Next filing
17 May 2023
SEC
View on sec.gov

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 $42,042 +770 +11% $54.60 7,553 03 Apr 2023 Common Units 770 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.