Kodiak Gas (KGS) CEO receives RSU grants and performance share payout
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. President & CEO Robert Michael McKee reported routine equity compensation activity involving restricted stock units and related tax withholding. He received 32,207 restricted stock units that vest and settle in common shares in three equal installments beginning March 8, 2027.
He was also awarded 180,000 performance-based restricted stock units that were certified based on performance from June 28, 2023 to December 31, 2025 and converted into common stock on a one-for-one basis with a vest date of March 8, 2026. To cover tax obligations on vesting, the issuer withheld 86,110 shares.
After these transactions, McKee directly holds 313,725.477 shares of common stock. In addition, 16,180 shares are held indirectly through StarMac Investments, Ltd., an entity associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,207 | $55.89 | $1.80M |
| Grant/Award | Common Stock | 180,000 | $55.89 | $10.06M |
| Tax Withholding | Common Stock | 86,110 | $55.89 | $4.81M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported securities are restricted stock units that vest and settle in shares of common stock in three equal installments beginning March 8, 2027. Represents an award of performance based restricted stock units the payout of which was subject to the achievement of performance metrics related to discretionary cash flow, consolidated net leverage ratio, absolute total shareholder return and an ESG scorecard over the period of June 28, 2023 to December 31, 2025. The Personnel and Compensation Committee certified the shares with a vest date of March 8, 2026. The restricted stock units converted into shares of common stock on a one-for-one basis. Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares. These shares of common stock are held by StarMac Investments, Ltd. Mr. McKee is a manager of StarMac Management Co., LLC, the general partner of StarMac Investments, Ltd.
FAQ
What did Kodiak Gas Services (KGS) disclose about CEO Robert McKee's new stock awards?
How many performance-based restricted stock units vested for the KGS CEO in this Form 4?
What performance period governed the KGS CEO’s performance-based RSU award?