Director John T. Raymond Buys $5.1M of NGL Units at $16.98
NGL has more than doubled off its 52-week low of $5.013 on elevated volume (2.0× avg).
Summary
Director John T. Raymond bought 300,000 NGL common units for $5.1 million at $16.98 on August 25, 2026, raising his direct holdings to 376,626 units.
Key Events · Ownership and Investor Activity · NGL
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Director Buys $5.1M of Units
John T. Raymond purchased 300,000 common units at $16.98 on August 25, 2026, for a total of $5,094,000.
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Post-Transaction Holdings
Raymond's direct holdings increased to 376,626 units following the purchase.
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Contrast with CEO Sale
The purchase occurred the same day CEO H. Michael Krimbill sold 300,000 units at $17.00, matching a previously filed Form 144.
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Prior Purchase by Same Director
This follows a smaller $432K open-market purchase by Raymond disclosed in a Form 4 filed on August 25, 2026.
Analysis · NGL · Energy & Transportation
A board member's $5.1 million open-market purchase of 300,000 common units at $16.98 on August 25, 2026, signals strong conviction, representing roughly 0.23% of the company's market cap. The buy comes one day after a smaller $432K purchase by the same director and on the same day CEO Krimbill sold 300,000 units at $17.00. While the director's willingness to deploy over $5 million of personal capital at current prices is a notable vote of confidence, it is offset by the CEO's simultaneous sale of an equal number of units.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NGL was trading at $17.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $5.01 to $18.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.