Form 4: Ferrellgas Director Converts Class B to A Units

James E. Ferrell, a director and 10% owner of Ferrellgas Partners L.P., converted 3,120 Class B Units into 15,600 Class A Units on March 16, 2026.

Summary

• James E. Ferrell, a Director and 10% Owner of Ferrellgas Partners L.P., reported a change in beneficial ownership.
• On March 16, 2026, 3,120 Class B Units were converted into 15,600 Class A Units.
• The conversion rate was five Class A Units for each Class B Unit.
• The Class B Units were convertible at the option of the Issuer, subject to satisfaction of a specified condition.
• Following the transaction, Mr. Ferrell directly owns 15,600 Class A Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a pre-scheduled conversion of units rather than a discretionary transaction indicating management's view on the company's immediate prospects.

Positives

• The transaction represents a pre-defined conversion of Class B Units into Class A Units, indicating the execution of existing capital structure terms.

Negatives

• The filing does not contain information that would be considered negative, as the transaction is a pre-defined unit conversion rather than a discretionary sale of securities.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this is a standard reporting of a pre-defined unit conversion by an insider, which does not inherently reflect on broader industry trends or competitive dynamics.

Related Party Transactions

• The conversion of Class B Units to Class A Units by James E. Ferrell, a director and 10% owner, represents a transaction involving a related party as per the pre-defined terms of the units.

Stakeholder Impact

• Shareholders: The conversion changes the composition of units held by a significant insider, potentially affecting the overall unit structure and voting rights if Class B and Class A units had different characteristics.

Key Dates

Recommendation

This Form 4 reports a pre-scheduled conversion of Class B Units to Class A Units by a director and 10% owner. Such a routine transaction, based on pre-defined terms, does not provide new information that would significantly alter the investment thesis for Ferrellgas Partners L.P., thus a 'hold' recommendation is maintained.

Keywords

Ferrellgas Partners L.P., FERRELLGAS, James E. Ferrell, Form 4, Insider Transaction, Beneficial Ownership, Class A Units, Class B Units, Unit Conversion