Kinder Morgan president settles 130,209 RSUs

Kinder Morgan, Inc. president Dax Sanders reported the vesting and settlement of restricted stock units into Class P common shares.

Rhea-AI Filing Summary

Kinder Morgan, Inc. president Dax Sanders reported the vesting and settlement of restricted stock units into Class P common shares. On July 31, 2026, 130,209 restricted stock units converted into 130,209 shares of Class P Common Stock, with each unit representing one share at settlement.

To satisfy tax withholding obligations related to this vesting, the issuer withheld 51,238 of those shares at a price of $32.18 per share. The reported restricted stock unit award was fully settled, leaving no remaining units from this grant.

Insider Trade Summary

130,209 shares exercised/converted

Exercise 3 txns

Insider Sanders Dax

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F4, F5	130,209	$0.00	$0.00
Exercise	Class P Common Stock F1	130,209	$0.00	$0.00
Tax Withholding	Class P Common Stock F2, F3	51,238	$32.18	$1.65M

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Class P Common Stock — 369,471 shares (Direct)

Footnotes (5)

1. F1. This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
2. F2. Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
3. F3. Closing price of Class P Common Stock on the date of vesting.
4. F4. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
5. F5. These restricted stock units vested on July 31, 2026.

Key Figures

RSUs converted: 130,209 units Shares acquired upon vesting: 130,209 shares Shares withheld for taxes: 51,238 shares +2 more

5 metrics

RSUs converted 130,209 units Restricted stock units settled into Class P Common Stock on July 31, 2026

Shares acquired upon vesting 130,209 shares Class P Common Stock received from RSU settlement on July 31, 2026

Shares withheld for taxes 51,238 shares Withheld by issuer to satisfy tax withholding obligations on RSU vesting

Tax withholding price $32.18 per share Closing price of Class P Common Stock on the RSU vesting date

RSU vesting date July 31, 2026 Date restricted stock units vested and were settled in shares

Key Terms

Restricted Stock Unit, Class P Common Stock, tax withholding obligations, vesting date

4 terms

Restricted Stock Unit financial

"This transaction represents the settlement of restricted stock units in shares"

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

"shares of Class P Common Stock on their scheduled vesting date"

tax withholding obligations financial

"shares withheld by the issuer to satisfy tax withholding obligations"

vesting date financial

"restricted stock units vested on July 31, 2026, the vesting date"

FAQ

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

What insider transaction did EP’s president report in this Form 4?

EP’s president, Dax Sanders of Kinder Morgan, Inc., reported 130,209 restricted stock units vesting and converting into 130,209 Class P common shares on July 31, 2026, with part of the shares withheld by the issuer to cover tax obligations.

How many Kinder Morgan (EP) restricted stock units vested for Dax Sanders on July 31, 2026?

On July 31, 2026, 130,209 restricted stock units held by Dax Sanders vested and were settled in 130,209 shares of Kinder Morgan Class P Common Stock, on a one-for-one basis, as disclosed in the Form 4 footnotes.

How many shares were withheld for taxes in EP’s latest Form 4 for Dax Sanders?

The company withheld 51,238 shares of Class P Common Stock to satisfy tax withholding obligations associated with the vesting of restricted stock units, using the $32.18 closing price per share on the vesting date to determine the withholding value.

What was the price used to value shares withheld for Dax Sanders’ tax obligations?

Shares withheld for Dax Sanders’ tax obligations were valued at $32.18 per share, which the disclosure identifies as the closing price of Kinder Morgan Class P Common Stock on the July 31, 2026 vesting date of the restricted stock units.

Did the reported EP transactions involve an exercise of derivative securities?

Yes. The Form 4 shows an exercise or conversion of 130,209 restricted stock units, each representing the right to receive one share of Class P Common Stock, resulting in the settlement of that RSU award and no remaining units from this specific grant.

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

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Available on EDGAR 08/03/2026 - 06:13 PM Accepted by SEC EDGAR 08/03/2026 - 06:13 PM 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)
07/31/2026

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
Class P Common Stock	07/31/2026		M(1)		130,209	A	$0	420,709	D
Class P Common Stock	07/31/2026		F(2)		51,238	D	$32.18(3)	369,471	D

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	(4)	07/31/2026		M			130,209	(5)	(5)	Class P Common Stock	130,209	$0	0	D

Explanation of Responses:

1. This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.

2. Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.

3. Closing price of Class P Common Stock on the date of vesting.

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

5. These restricted stock units vested on July 31, 2026.

Remarks:

	/s/ Dax Sanders	08/03/2026
	** 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)