The estimated Net Worth of Michael K Grimm is at least $3.26 Millón dollars as of 28 December 2023. Mr. Grimm owns over 3,019 units of Transfer LP stock worth over $3,259,095 and over the last 8 years he sold ET stock worth over $0. In addition, he makes $0 as Independent Director of LE GP LLC at Transfer LP.
Michael has made over 7 trades of the Transfer LP stock since 2017, according to the Form 4 filled with the SEC. Most recently he exercised 3,019 units of ET stock worth $47,912 on 28 December 2023.
The largest trade he's ever made was buying 504,600 units of Transfer LP stock on 6 April 2022 worth over $5,656,566. On average, Michael trades about 17,018 units every 78 days since 2017. As of 28 December 2023 he still owns at least 205,362 units of Transfer LP stock.
You can see the complete history of Mr. Grimm stock trades at the bottom of the page.
Michael K. Grimm serves as Independent Director of LE GP LLC of the Company. Mr. Grimm was appointed to the Board of Directors of our general partner in October 2018, and has served on the audit committee and compensation committee since that time. Prior to that time, Mr. Grimm served as a director of ETO’s general partner beginning in December 2005, and served on the audit and compensation committee during that time. Mr. Grimm is one of the original founders of Rising Star Energy, L.L.C., a privately held upstream exploration and production company active in onshore continental United States, and served as its President and Chief Executive Officer from 1995 until 2006 when it was sold. Mr. Grimm is currently President of Rising Star Petroleum, LLC. Mr. Grimm was formerly Chairman of the Board of RSP Permian, Inc. (NYSE: RSPP) from January 2014 until June 2018 and since November 2018 has served on the Board of Directors of Anadarko Petroleum Corporation (NYSE: APC). Prior to the formation of Rising Star, Mr. Grimm was Vice President of Worldwide Exploration and Land for Placid Oil Company from 1990 to 1994. Prior to joining Placid Oil Company, Mr. Grimm was employed by Amoco Production Company for thirteen years where he held numerous positions throughout the exploration department in Houston, New Orleans and Chicago. Mr. Grimm has been an active member of the Independent Petroleum Association of America, the American Association of Professional Landmen, Dallas Producers Club, Houston Producers Forum, Fort Worth Wildcatters and the All-American Wildcatters. He has a B.B.A. from the University of Texas at Austin. The members of our general partner selected Mr. Grimm to serve as a director because of his extensive experience in the energy industry and his service as a senior executive at several energy-related companies, in addition to his contacts in the industry gained through his involvement in energy-related organizations.
Michael Grimm is 65, he's been the Independent Director of LE GP LLC of Transfer LP since 2018. There are 5 older and 13 younger executives at Transfer LP. The oldest executive at Energy Transfer LP is Ray Davis, 78, who is the Director of LE GP LLC.
Michael's mailing address filed with the SEC is P.O. BOX 8813, , HORSESHOE BAY, TX, 78657.
Over the last 6 years, insiders at Transfer LP have traded over $1,845,190 worth of Transfer LP stock and bought 57,957,050 units worth $612,529,120 . The most active insiders traders include Kelcy L Warren, Ray C Davis y Marshall S Iii Mccrea. On average, Transfer LP executives and independent directors trade stock every 22 days with the average trade being worth of $10,808,279. The most recent stock trade was executed by Gregory G. Mc Ilwain on 23 August 2024, trading 20,000 units of ET stock currently worth $313,600.
Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,340 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. In addition, the company owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. Further, it owns approximately 4,823 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 17 MMBbls. Additionally, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. It provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.
Transfer LP executives and other stock owners filed with the SEC include: