Kinder Morgan, Inc. (KMI) awards 24,707 RSUs to Michael J. Pitta
Rhea-AI Filing Summary
Kinder Morgan, Inc. reported that VP and Chief Admin. Officer Michael J. Pitta received a grant of 24,707 restricted stock units on July 21, 2026. Each unit represents one share of Class P common stock and has no cash exercise price. These RSUs are scheduled to vest on July 31, 2029, subject to performance goals, leaving Pitta with 24,707 RSUs held directly after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pitta Michael J
Role
VP and Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 24,707 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 24,707 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
- F2. These restricted stock units are scheduled to vest on July 31, 2029, subject to achievement of certain performance goals.
Key Figures
Restricted stock units granted: 24,707 units
Underlying Class P Common Stock: 24,707 shares
Conversion or exercise price: $0.0000 per unit
+2 more
5 metrics
Restricted stock units granted
24,707 units
Grant to Michael J. Pitta on July 21, 2026
Underlying Class P Common Stock
24,707 shares
Each RSU represents one share of Class P Common Stock
Conversion or exercise price
$0.0000 per unit
Restricted stock unit award with no cash exercise price
Vesting date
July 31, 2029
RSUs scheduled to vest subject to performance goals
RSUs held after transaction
24,707 units
Total restricted stock units directly owned by Michael J. Pitta after grant
Key Terms
Restricted Stock Unit, Class P Common Stock, vest
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"
vest financial
"These restricted stock units are scheduled to vest on July 31, 2029"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Kinder Morgan (KMI) report for Michael J. Pitta?
Michael J. Pitta received a grant of 24,707 restricted stock units at Kinder Morgan, Inc. on July 21, 2026. Each RSU represents one share of Class P common stock and is reported as a grant/award acquisition under transaction code A.
How many restricted stock units did Michael J. Pitta hold after this Kinder Morgan (KMI) Form 4?
After the reported grant, Michael J. Pitta directly holds 24,707 restricted stock units linked to Kinder Morgan Class P common stock. This total reflects only the RSUs from this transaction as disclosed in the Form 4 data.
When do Michael J. Pitta’s 24,707 Kinder Morgan (KMI) RSUs vest?
The 24,707 restricted stock units granted to Michael J. Pitta are scheduled to vest on July 31, 2029. Vesting is subject to achievement of specified performance goals before settlement into Class P common shares.
What does each restricted stock unit represent in this Kinder Morgan (KMI) filing?
Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock. The RSUs carry a stated conversion price of $0.0000, meaning no additional cash payment is required to receive the shares.
Is the Michael J. Pitta Form 4 transaction a market purchase or an equity award at Kinder Morgan (KMI)?
The transaction is reported as a grant or award acquisition of 24,707 restricted stock units under code A, not as an open-market purchase or sale. It reflects an equity-based award in the form of derivative securities.