Kinder Morgan awards 98,827 RSUs to president

Sanders Dax reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Sanders Dax reported acquisition or exercise transactions in this Form 4 filing.

Kinder Morgan, Inc. reported that President Dax Sanders received a grant of 98,827 restricted stock units, each representing one share of Class P Common Stock. These RSUs are scheduled to vest on July 31, 2029, subject to achievement of specified performance goals.

Insider Trade Summary

Grant/Award: 98,827 shares

Grant/Award 1 txn

Insider Sanders Dax

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F2	98,827	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 98,827 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
2. F2. These restricted stock units are scheduled to vest on July 31, 2029, subject to achievement of certain performance goals.

Key Figures

RSUs granted: 98,827 restricted stock units Underlying shares: 98,827 shares of Class P Common Stock Vesting date: July 31, 2029

3 metrics

RSUs granted 98,827 restricted stock units Grant of restricted stock units to President Dax Sanders

Underlying shares 98,827 shares of Class P Common Stock Each restricted stock unit represents one share at settlement

Vesting date July 31, 2029 Scheduled vesting of the restricted stock units, subject to performance goals

Key Terms

Restricted Stock Unit, Class P Common Stock, performance goals

3 terms

Restricted Stock Unit financial

"Each restricted stock unit represents the right to receive, at settlement, one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Class P Common Stock financial

"one share of Class P Common Stock"

performance goals financial

"scheduled to vest on July 31, 2029, subject to achievement of certain performance goals"

Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Kinder Morgan (symbol EP) report for Dax Sanders?

Kinder Morgan reported that President Dax Sanders received a grant of 98,827 restricted stock units. Each RSU represents one share of Class P Common Stock, awarded as part of his equity-based compensation.

How many restricted stock units did Dax Sanders receive according to the EP Form 4?

Dax Sanders received 98,827 restricted stock units. Each unit corresponds to one share of Class P Common Stock, giving him a contingent right to the same number of shares if vesting conditions are met.

When do Dax Sanders’ 98,827 RSUs reported for EP vest?

The 98,827 RSUs granted to Dax Sanders are scheduled to vest on July 31, 2029. Vesting is contingent on the achievement of specified performance goals during the applicable performance period.

What does each restricted stock unit reported in the EP Form 4 represent?

Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock. The units convert into shares only if the vesting and performance conditions are satisfied.

Are Dax Sanders’ newly granted RSUs in the EP filing immediately exercisable?

No. The restricted stock units granted to Dax Sanders are scheduled to vest on July 31, 2029, and are subject to achieving certain performance goals, so they are not immediately deliverable as shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/23/2026 - 06:16 PM EDT Learn about SEC filing dates

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^*

Sanders Dax

(Last) (First) (Middle)

1001 LOUISIANA, SUITE 1000

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KINDER MORGAN, INC. [ KMI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026

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)
			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 Unit	$0(1)	07/21/2026		A		98,827		(2)	(2)	Class P Common Stock	98,827	$0	98,827	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.

2. These restricted stock units are scheduled to vest on July 31, 2029, subject to achievement of certain performance goals.

Remarks:

	/s/ Dax Sanders	07/22/2026
	** 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)