Kinder Morgan (NYSE: KMI) awards 154,417 RSUs to gas pipelines VP
Rhea-AI Filing Summary
Mody Sital K reported acquisition or exercise transactions in this Form 4 filing.
Kinder Morgan, Inc. officer Sital K. Mody, V.P. (Pres., Nat Gas Pipelines), received a grant of 154,417 restricted stock units on July 21, 2026. 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, Mody directly holds 154,417 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mody Sital K
Role
V.P. (Pres.,Nat Gas Pipelines)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 154,417 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 154,417 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: 154,417 units
Underlying Class P Common Stock: 154,417 shares
RSUs held after award: 154,417 units
+1 more
4 metrics
Restricted stock units granted
154,417 units
Grant to Sital K. Mody on July 21, 2026
Underlying Class P Common Stock
154,417 shares
Each RSU represents one share of Class P Common Stock
RSUs held after award
154,417 units
Direct derivative holdings following the reported transaction
Vesting date
July 31, 2029
Scheduled vesting date, subject to performance goals
Key Terms
Restricted Stock Unit, Class P Common Stock, performance goals
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents the right to receive 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"
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 equity award did Kinder Morgan (KMI) report for Sital K. Mody?
Kinder Morgan granted Sital K. Mody 154,417 restricted stock units on July 21, 2026. Each RSU equals one share of Class P Common Stock and is scheduled to vest on July 31, 2029, contingent on meeting specified performance goals.
When do Sital K. Mody’s new RSUs at Kinder Morgan (KMI) vest?
The 154,417 restricted stock units granted to Sital K. Mody are scheduled to vest on July 31, 2029. Vesting is subject to achievement of certain performance goals rather than time-based service alone.
How many Kinder Morgan (KMI) RSUs does Sital K. Mody hold after this transaction?
After the reported grant, Sital K. Mody directly holds 154,417 restricted stock units. These RSUs are derivatives that, upon settlement and vesting, entitle him to receive the same number of shares of Class P Common Stock.
What does each restricted stock unit granted to Sital K. Mody at Kinder Morgan (KMI) represent?
Each of Sital K. Mody’s restricted stock units represents the right to receive, at settlement, one share of Class P Common Stock. This links the value of the award directly to Kinder Morgan’s common equity.
Was Sital K. Mody’s Kinder Morgan (KMI) RSU grant made under a Rule 10b5-1 plan?
The insider report indicates the Rule 10b5-1 checkbox was not marked, so this RSU grant was not identified as being made under a Rule 10b5-1 or similar pre-arranged trading plan.