DT Midstream (DTM) EVP Melissa Cox awarded 1,452 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cox Melissa reported acquisition or exercise transactions in this Form 4 filing.
DT Midstream, Inc. executive Melissa Cox reported an award of 1,452 restricted stock units. Each unit represents a contingent right to receive one share of DT Midstream common stock, with any fractional shares paid in cash. The units are scheduled to vest on February 20, 2029, subject to her continued service and include dividend equivalents under the company’s long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cox Melissa
Role
E.V.P., Chief Admin. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,452 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,452 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock with any fractional shares being paid in cash. This restricted stock unit will vest on February 20, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date and provides for associated dividend equivalents under the Issuer's long-term incentive plan.
FAQ
What insider transaction did DT Midstream (DTM) report for Melissa Cox?
DT Midstream reported that executive Melissa Cox received a grant of 1,452 restricted stock units. These units convert into common shares upon vesting, aligning her compensation with shareholder interests under the company’s long-term incentive plan.
When do Melissa Cox’s DT Midstream (DTM) restricted stock units vest?
The 1,452 restricted stock units granted to Melissa Cox are scheduled to vest on February 20, 2029. Vesting is conditioned on her continued service with DT Midstream through that date under the long-term incentive plan.
What does each restricted stock unit represent for DT Midstream (DTM)?
Each restricted stock unit represents a contingent right to receive one share of DT Midstream common stock. Any fractional shares owed at settlement will be paid in cash instead of issuing partial shares.
Do Melissa Cox’s DT Midstream (DTM) RSUs include dividend equivalents?
Yes, the restricted stock units granted to Melissa Cox provide associated dividend equivalents. These equivalents are granted under DT Midstream’s long-term incentive plan, allowing her to receive value linked to dividends during the vesting period.
How many DT Midstream (DTM) RSUs does Melissa Cox hold after this transaction?
After this award, Melissa Cox beneficially owns 1,452 restricted stock units. These units are derivative securities that will settle in DT Midstream common stock if vesting conditions are satisfied on the scheduled date.