KEITH BENSON - 16 Feb 2023 Form 4 Insider Report for USD Partners LP (USDP)

Role
Officer
Signature
/s/ Adam K. Altsuler, Attorney-in-Fact for Keith Benson
Issuer symbol
USDP
Transactions as of
16 Feb 2023
Net transactions value
-$37,517
Form type
4
Filing time
21 Feb 2023, 15:20:15 UTC
Previous filing
18 Feb 2022
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Award $0 +24,502 +19% $0.000000 152,696 16 Feb 2023 Direct F1, F2
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Tax liability $37,517 -10,598 -6.9% $3.54* 142,098 16 Feb 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of phantom units. Each phantom unit is the economic equivalent of one common unit of USDP. The phantom units vest in four annual installments commencing on the one-year anniversary of the issuance date.
F2 Includes 86,025 phantom units.
F3 Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations upon the vesting of outstanding phantom units.
F4 Includes 61,468 phantom units.

Remarks:

The Reporting Person is General Counsel of USD Partners 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.