Kinder Morgan, Inc. (EP) CFO settles 121,528 RSUs, withholds shares

Rhea-AI Filing Summary

Kinder Morgan, Inc. VP and Chief Financial Officer David Patrick Michels settled 121,528 restricted stock units into the same number of shares of Class P Common Stock on July 31, 2026. In connection with this vesting, 47,573 shares were withheld by the issuer at $32.18 per share to satisfy tax withholding obligations.

Insider Trade Summary

Net Buyer: 73,955 shares

Net Buy 3 txns

Insider Michels David Patrick

Role VP and Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F4, F5	121,528	$0.00	$0.00
Exercise	Class P Common Stock F1	121,528	$0.00	$0.00
Tax Withholding	Class P Common Stock F2, F3	47,573	$32.18	$1.53M

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Class P Common Stock — 213,383 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 settled: 121,528 units Underlying shares received: 121,528 shares Shares withheld for taxes: 47,573 shares +2 more

5 metrics

RSUs settled 121,528 units Restricted stock units converted into Class P Common Stock on July 31, 2026

Underlying shares received 121,528 shares Shares of Class P Common Stock received from settlement of restricted stock units

Shares withheld for taxes 47,573 shares Shares withheld by the issuer to satisfy tax withholding obligations upon vesting

Tax withholding price $32.18 per share Closing price of Class P Common Stock on the vesting date, used for tax withholding

Vesting date July 31, 2026 Date on which the reported restricted stock units vested

Key Terms

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

4 terms

Restricted Stock Unit financial

"represents the settlement of restricted stock units in shares of Class P Common Stock"

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

"settlement of restricted stock units in 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 upon the reported vesting"

scheduled vesting date financial

"settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 06:14 PM Accepted by SEC EDGAR 08/03/2026 - 06:13 PM Learn about SEC filing dates

FAQ

What insider transaction did Kinder Morgan (EP) CFO David Patrick Michels report?

David Patrick Michels reported settlement of 121,528 restricted stock units into Class P Common Stock, with 47,573 shares withheld by the issuer at $32.18 per share to cover tax obligations associated with the vesting.

How many Kinder Morgan (EP) restricted stock units vested for the CFO and when?

A total of 121,528 restricted stock units vested for the CFO on July 31, 2026. Each unit entitled him to receive one share of Class P Common Stock upon settlement, as described in the transaction details and related footnotes.

How many Kinder Morgan (EP) shares were withheld for taxes and at what price?

The issuer withheld 47,573 shares of Class P Common Stock to satisfy tax obligations, using a per-share price of $32.18. That price corresponds to the closing price of the stock on the vesting date referenced in the footnotes.

Did the Kinder Morgan (EP) CFO’s reported shares involve an open market sale?

The reported disposition reflects shares withheld by the issuer to satisfy tax withholding obligations, not a discretionary open market sale by the CFO. Code F and the footnotes describe this as payment of tax liability via withheld securities.

Were the Kinder Morgan (EP) CFO transactions under a Rule 10b5-1 trading plan?

The data show the Rule 10b5-1 checkbox was not marked, indicating these transactions were not affirmatively reported as made under a Rule 10b5-1 trading plan. They relate to scheduled vesting and tax withholding events.

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)
07/31/2026

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)		121,528	A	$0	260,956	D
Class P Common Stock	07/31/2026		F(2)		47,573	D	$32.18(3)	213,383	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			121,528	(5)	(5)	Class P Common Stock	121,528	$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/ David P. Michels	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)