Director at DT Midstream (NYSE: DTM) receives grant of 1,093 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Pickle Elaine M reported acquisition or exercise transactions in this Form 4 filing.

DT Midstream, Inc. director Elaine M. Pickle received a grant of 1,093 restricted stock units of the company’s common stock as equity compensation. Each unit represents a contingent right to receive one share of common stock, with any fractional share paid in cash.

The restricted stock units will vest on May 5, 2027, provided she continues to serve with the company through that date. Following this grant, she holds 1,093 restricted stock units directly, reflecting a routine, non-cash award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pickle Elaine M

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 Grant price: $0.00 per unit Underlying common shares: 1,093 shares +2 more

5 metrics

RSUs granted 1,093 units Restricted stock units granted on May 5, 2026

Grant price $0.00 per unit Equity compensation, non-cash award

Underlying common shares 1,093 shares Each RSU represents one share of common stock

Holdings after grant 1,093 RSUs Total restricted stock units directly held following transaction

Vesting date May 5, 2027 RSUs vest subject to continued service through vesting date

Key Terms

Restricted Stock Units, contingent right, fractional shares, vest, +1 more

5 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"

fractional shares financial

"with any fractional shares being paid in cash"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

vest financial

"This restricted stock unit will vest on May 5, 2027"

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.

continued service financial

"subject to the Reporting Person's continued service with the Issuer"

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 06:25 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Pickle Elaine M

(Last)

(First)

(Middle)

500 WOODWARD AVE., 29TH FLOOR

(Street)

DETROIT

MICHIGAN

48226

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/05/2026		A		1,093		⁽²⁾	⁽²⁾	Common Stock	1,093	$0	1,093	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 May 5, 2027, subject to the Reporting Person's continued service with the Issuer through the vesting date.

	/s/ Andrew Hayner, Attorney-in-Fact	05/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DTM director Elaine M. Pickle report on this Form 4?

Elaine M. Pickle reported receiving 1,093 restricted stock units as an equity grant. These units are a form of stock-based compensation, not an open-market trade, and give her a contingent right to receive DT Midstream common shares in the future.

How many DT Midstream (DTM) restricted stock units were granted to the director?

She was granted 1,093 restricted stock units linked to DT Midstream common stock. Each unit corresponds to one share, with any fractional share paid in cash, representing additional equity-based compensation rather than a cash salary payment or immediate stock purchase.

When do Elaine M. Pickle’s DTM restricted stock units vest?

The restricted stock units will vest on May 5, 2027, if she continues serving the company through that date. Vesting means the units convert into shares or cash, turning the contingent award into actual ownership value for the director at that time.

Is the DTM Form 4 transaction a stock purchase or sale in the open market?

No, the transaction is a grant of restricted stock units, not an open-market buy or sell. It reflects equity compensation awarded by DT Midstream, with zero purchase price per unit, rather than a voluntary trading decision by the director in the public market.

How many DT Midstream equity awards does the director hold after this transaction?

After this grant, she holds 1,093 restricted stock units directly. These represent a right to receive the same number of DT Midstream common shares in the future, subject to the vesting condition requiring continued service through May 5, 2027.