DT Midstream (DTM) awards 4,453 restricted stock units to EVP Wendy Ellis

Rhea-AI Filing Summary

Ellis Wendy reported acquisition or exercise transactions in this Form 4 filing.

DT Midstream, Inc. executive Wendy Ellis, Executive Vice President, General Counsel and Corporate Secretary, received a grant of 4,453 restricted stock units on February 20, 2026. Each unit represents one share of common stock and will vest on February 20, 2029, subject to continued service and with dividend equivalents.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ellis Wendy

(Last) (First) (Middle)

500 WOODWARD AVE., SUITE 2900

(Street)

DETROIT MI 48226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DT Midstream, Inc. [ DTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	E.V.P., Gen Counsel & Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/20/2026		A		4,453		(2)	(2)	Common stock	4,453	$0	4,453	D

Explanation of Responses:

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.

2. 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.

	/s/ Andrew Hayner, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did DTM report for Wendy Ellis on this Form 4?

DT Midstream reported that executive Wendy Ellis received a grant of 4,453 restricted stock units. These units were awarded at no cash cost and increase her direct derivative holdings to 4,453 units in the company’s equity, aligning compensation with long-term shareholder interests.

How many restricted stock units did DTM grant to Wendy Ellis?

Wendy Ellis received 4,453 restricted stock units from DT Midstream. Each restricted stock unit represents a contingent right to receive one share of the company’s common stock, with any fractional shares settled in cash upon delivery, according to the Form 4 footnotes.

When do Wendy Ellis’s DT Midstream restricted stock units vest?

The restricted stock units granted to Wendy Ellis vest on February 20, 2029. Vesting is conditioned on her continued service with DT Midstream through that date, reflecting a long-term incentive structure tied to executive retention and company performance over several years.

What does each DT Midstream restricted stock unit granted to Wendy Ellis represent?

Each restricted stock unit represents a contingent right to receive one share of DT Midstream common stock. Any fractional share amounts will be paid in cash when delivered, providing equity-based compensation that directly links part of her pay to the company’s share value.

Do Wendy Ellis’s DT Midstream restricted stock units include dividend equivalents?

Yes, the restricted stock units provide associated dividend equivalents under DT Midstream’s long-term incentive plan. This means Ellis is credited for dividends declared on the underlying common shares during the vesting period, further tying her compensation to shareholder returns over time.

How many DT Midstream restricted stock units does Wendy Ellis hold after this grant?

After this grant, Wendy Ellis beneficially owns 4,453 restricted stock units directly. This total reflects the newly awarded units reported in the Form 4 and represents her current derivative equity position in DT Midstream tied to this particular compensation award.