Kinder Morgan grants performance RSUs to executive

ASHLEY ANTHONY B reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

ASHLEY ANTHONY B reported acquisition or exercise transactions in this Form 4 filing.

Kinder Morgan, Inc. reported that executive Ashley B. Anthony, VP (President, CO2 and ETV), received a grant of 66,400 Restricted Stock Units. Each unit represents one share of Class P Common Stock and is scheduled to vest on July 31, 2029, subject to performance goals. Following this award, Anthony holds 66,400 RSUs directly.

Insider Trade Summary

Grant/Award: 66,400 shares

Grant/Award 1 txn

Insider ASHLEY ANTHONY B

Role VP (President, CO2 and ETV)

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F2	66,400	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 66,400 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: 66,400 units Underlying shares: 66,400 shares Vesting date: July 31, 2029 +2 more

5 metrics

RSUs granted 66,400 units Restricted Stock Units awarded to Ashley B. Anthony on 2026-07-21

Underlying shares 66,400 shares Class P Common Stock underlying the RSUs

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

Exercise/Conversion price $0.0000 per unit Reported conversion or exercise price for the RSUs

RSUs held after award 66,400 units Total Restricted Stock Units held directly following the transaction

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

"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 award did Kinder Morgan (KMI) report for Ashley B. Anthony?

Kinder Morgan reported a grant of 66,400 Restricted Stock Units to executive Ashley B. Anthony. Each RSU represents one share of Class P Common Stock and was awarded as compensation, with the entire amount reflected as directly held after the transaction.

When do Ashley B. Anthony’s new Kinder Morgan (KMI) RSUs vest?

The granted RSUs are scheduled to vest on July 31, 2029. Vesting is contingent on achieving specified performance goals, meaning the units will settle into Class P Common Stock only if those performance conditions are met by the vesting date.

What does each Restricted Stock Unit represent in Kinder Morgan (KMI)’s Form 4 filing?

Each Restricted Stock Unit represents the right to receive, at settlement, one share of Kinder Morgan’s Class P Common Stock. The units convert into shares only upon vesting and settlement, providing equity-based compensation rather than immediate stock ownership.

How many Kinder Morgan (KMI) RSUs does Ashley B. Anthony hold after this transaction?

After the reported award, Ashley B. Anthony holds 66,400 Restricted Stock Units directly. These units are tied to Kinder Morgan’s Class P Common Stock and will vest on July 31, 2029, subject to the achievement of defined performance goals before settlement.

Is Ashley B. Anthony’s Kinder Morgan (KMI) RSU grant performance-based?

Yes, the RSU grant is performance-based. The 66,400 Restricted Stock Units are scheduled to vest on July 31, 2029, but vesting is explicitly conditioned on meeting certain performance goals before the units settle into Class P Common Stock.

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

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Accepted by SEC EDGAR 07/23/2026 - 06:17 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^*

ASHLEY ANTHONY B

(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 (President, CO2 and ETV)

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		66,400		(2)	(2)	Class P Common Stock	66,400	$0	66,400	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/ Anthony B. Ashley	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)