11/13/2024 | Press release | Distributed by Public on 11/13/2024 15:45
Item 8.01 |
Other Events. |
On November 8, 2024, Gary D. Simpson, the President of Production and Development of TXO Partners, L.P. (the "Partnership"), adopted a Rule 10b5-1trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c)of the Securities Exchange Act of 1934 for the sale of the Partnership's common units to cover taxes due in connection with the vesting of phantom units after February 6, 2025. The duration of this arrangement is until the final vesting date or forfeiture of the applicable phantom units. The number of common units that will be sold under this arrangement is not currently determinable as the number will vary based on the extent to which vesting conditions are satisfied and the market price of the Partnership's common units at the time of settlement.