DT Midstream (NYSE: DTM) director awarded 1,093 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SKAGGS ROBERT C JR reported acquisition or exercise transactions in this Form 4 filing.
DT Midstream, Inc. director Robert C. Skaggs Jr received a grant of 1,093 restricted stock units tied to the company’s common stock. Each unit represents a contingent right to receive one share, with any fractional shares paid in cash. These units will vest on May 5, 2027, if he continues his service with the company through that date. Following this award, he holds 1,093 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SKAGGS ROBERT C JR
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
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
1,093 units
Restricted stock units awarded to director on May 5, 2026
Underlying shares
1,093 shares
Common stock underlying the restricted stock units
Grant price
$0.00 per unit
Equity compensation grant, no cash paid by director
Vesting date
May 5, 2027
Units vest if service with issuer continues through this date
Holdings after grant
1,093 units
Total restricted stock units beneficially owned following transaction
Key Terms
Restricted Stock Units, contingent right, vesting, 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"
vesting financial
"This restricted stock unit will vest on May 5, 2027, subject to the Reporting Person's continued service"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did DT Midstream (DTM) report for Robert C. Skaggs Jr?
DT Midstream reported that director Robert C. Skaggs Jr received 1,093 restricted stock units. These represent a contingent right to receive common shares, granted as equity compensation and recorded as a Form 4 insider acquisition.
How many restricted stock units did the DT Midstream director receive?
Robert C. Skaggs Jr received 1,093 restricted stock units. Each restricted stock unit corresponds to one share of DT Midstream common stock, with any fractional share amounts settled in cash upon delivery after vesting.
When do Robert C. Skaggs Jr’s DT Midstream restricted stock units vest?
The restricted stock units will vest on May 5, 2027. Vesting is conditioned on Robert C. Skaggs Jr continuing his service with DT Midstream through that vesting date, consistent with typical director equity awards.
What does each DT Midstream restricted stock unit granted to the director represent?
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 fractional amounts will be paid out in cash rather than issued as partial shares.
How many DT Midstream restricted stock units does the director hold after this grant?
After this award, Robert C. Skaggs Jr holds 1,093 restricted stock units directly. This total reflects the units reported in the filing as beneficially owned following the transaction on the Form 4.