Michael H Lou, Oasis Midstream Partners LP's President and a director of the company, has now declared ownership of 0 restricted shares from the company. The restricted shares don't become available to Lou until such time as they become vested.
Some additional info was provided as follows:
Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest of Oasis Midstream Partners LP (the "Partnership").
An award of 12,720 cash-settled Phantom Units was granted to the reporting person on January 17, 2019. The Phantom Units generally vest in three equal installments on the first business day following the date on which the Partnership makes a distribution for the quarters ending on each of December 31, 2019, 2020, an d 2021 subject to continued employment through each such vesting date. The second installment of Phantom Units vested on March 19, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: