Kinder Morgan CFO granted 84,929 RSUs

Michels David Patrick reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Michels David Patrick reported acquisition or exercise transactions in this Form 4 filing.

Kinder Morgan, Inc. reported that its VP and Chief Financial Officer, David Patrick Michels, received a grant of 84,929 Restricted Stock Units. Each unit represents the right to receive one share of Class P Common Stock at settlement and is scheduled to vest on July 31, 2029, subject to achievement of specified performance goals. Following this award, Michels holds 84,929 RSUs directly.

Insider Trade Summary

Grant/Award: 84,929 shares

Grant/Award 1 txn

Insider Michels David Patrick

Role VP and Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F2	84,929	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 84,929 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: 84,929 units RSUs underlying shares: 84,929 shares Vesting date: July 31, 2029 +1 more

4 metrics

RSUs granted 84,929 units Restricted Stock Units awarded to CFO on 2026-07-21

RSUs underlying shares 84,929 shares Each RSU represents one share of Class P Common Stock

Vesting date July 31, 2029 Scheduled vesting date for the RSUs, subject to performance goals

Post-grant RSU holdings 84,929 units Total Restricted Stock Units held directly by the CFO after the award

Key Terms

Restricted Stock Unit, Class P Common Stock, vest, performance goals

4 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

"right to receive, at settlement, 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.

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 (EP) disclose for its CFO?

Kinder Morgan disclosed that CFO David Patrick Michels received a grant of 84,929 Restricted Stock Units. Each unit converts into one share of Class P Common Stock and is scheduled to vest on July 31, 2029, contingent on meeting performance goals.

How many RSUs were granted to the Kinder Morgan (EP) CFO in this Form 4?

The CFO was granted 84,929 Restricted Stock Units. These RSUs give him the right to receive an equal number of Class P Common shares upon settlement, assuming the units vest based on performance through July 31, 2029.

What are the vesting terms of the Kinder Morgan (EP) CFO’s new RSUs?

The granted RSUs are scheduled to vest on July 31, 2029. Vesting is contingent on achievement of certain performance goals, meaning the CFO receives the underlying Class P Common shares only if those goals are met.

What does each restricted stock unit represent in the Kinder Morgan (EP) filing?

Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock. This aligns the CFO’s compensation with Kinder Morgan’s equity performance over the vesting period ending in 2029.

What is the CFO’s RSU balance after the reported Kinder Morgan (EP) transaction?

After the reported grant, CFO David Patrick Michels directly holds 84,929 Restricted Stock Units. These units are derivative securities tied to Class P Common Stock, scheduled to vest in 2029 subject to performance conditions.

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^*

Michels David Patrick

(Last) (First) (Middle)

1001 LOUISIANA STREET, 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)
	VP and Chief Financial Officer

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		84,929		(2)	(2)	Class P Common Stock	84,929	$0	84,929	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/ David P. Michels	07/23/2026
	** 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)