Kinder Morgan (NYSE: KMI) awards CFO 84,929 performance-based RSUs
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 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
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.