Nickolas J Lorentzatos, EVP of Oasis Midstream Partners LP and a director of the company, recently acquired 20,712 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on March 30, 2021. Lorentzatos now owns 26,612 shares of the company. Lorentzatos operates out of Houston, TX. Some additional info was provided as follows:
On March 22, 2021, the Issuer entered into a Contribution and Simplification Agreement (the "Contribution and Simplification Agreement"), by and among the Issuer, OMP GP, LLC (the "General Partner"), and certain other parties thereto. Upon the consummation of the transactions contemplated by the Contribution and Simplification Agreement, which occurred on March 30, 2021 (the "Effective Date"), certain Class B Units representing membership interests in the General Partner that were previously issued to the Reporting Person by the General Partner were converted into and exchanged for restricted common units representing limited partner interests in the Partnership (the "Subject Units"). The Subject Units are subject to the following vesting schedule: (i) 34% of the Subject Units vested on the Effective Date, (ii) 33% of the Subject Units will vest on the first anniversary of the Effective Date and (iii) 33% of the Subject Units will vest on the second anniversary of the Effective Date.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Oasis Midstream Partners LP makes a similar move, sign up!
Other recent filings from the company include the following: