DT Midstream (NYSE: DTM) director receives 1,093 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tumminello Peter I reported acquisition or exercise transactions in this Form 4 filing.
DT Midstream, Inc. director Peter I. Tumminello received a grant of 1,093 restricted stock units as equity-based compensation. Each unit represents a contingent right to one share of DT Midstream common stock, with any fractional shares settled in cash. These units will vest on May 5, 2027, if he continues serving the company through that date, and his reported holdings after this grant are 1,093 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tumminello Peter I
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,093 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,093 shares (Direct, null)
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 May 5, 2027, subject to the Reporting Person's continued service with the Issuer through the vesting date.
Key Figures
RSUs granted: 1,093 units
Underlying shares: 1,093 shares
Total RSUs after grant: 1,093 units
+2 more
5 metrics
RSUs granted
1,093 units
Restricted stock unit award to director on May 5, 2026
Underlying shares
1,093 shares
Common stock underlying the restricted stock units
Total RSUs after grant
1,093 units
Holdings following the reported transaction
Vesting date
May 5, 2027
RSUs vest subject to continued service through this date
Grant price
$0.00 per unit
Equity award with no cash paid by the director
Key Terms
Restricted Stock Units, contingent right, vest, fractional shares
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
vest financial
"This restricted stock unit will vest on May 5, 2027, subject to the Reporting Person's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did DT Midstream (DTM) report for Peter I. Tumminello?
DT Midstream reported that director Peter I. Tumminello received 1,093 restricted stock units. These units are a form of equity compensation that convert into common shares upon vesting, aligning the director’s interests with shareholders over time rather than providing immediate cash.
How many DT Midstream (DTM) restricted stock units were granted in this Form 4?
The Form 4 shows a grant of 1,093 restricted stock units to Peter I. Tumminello. Each unit is tied to one share of DT Midstream common stock, and his reported holdings after the grant total 1,093 restricted stock units, all held directly.
When do Peter I. Tumminello’s DT Midstream (DTM) restricted stock units vest?
The restricted stock units will vest on May 5, 2027. Vesting is contingent on Tumminello’s continued service with DT Midstream through that date, meaning he must remain in his director role until then to receive the common shares.
What does each DT Midstream (DTM) restricted stock unit represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of DT Midstream common stock. If the calculation results in fractional shares, those fractions will be paid in cash rather than issued as partial share interests.