Kinder Morgan officer Michael Garthwaite discloses 47,943 shares plus 74,488 RSUs
Rhea-AI Filing Summary
Officer initial ownership disclosed for Kinder Morgan. Michael P. Garthwaite, VP (Pres., Products Pipelines), reports direct ownership of 47,943 Class P common shares and restricted stock units representing 74,488 shares. The RSUs are scheduled to vest in 2026, 2027 and 2028, with the 2028 awards subject to performance goals. This is an initial SEC ownership filing.
Positive
- Direct equity ownership of 47,943 Class P shares by an officer demonstrates alignment with shareholders
- Restricted stock units totaling 74,488 provide time‑and performance‑based retention incentives
Negative
- None.
Insights
TL;DR: Routine initial insider disclosure showing officer equity and time‑based plus performance RSUs, not immediately market moving.
The filing shows Michael P. Garthwaite, a named officer, reporting direct ownership of 47,943 Class P shares and restricted stock units convertible 1:1 into 74,488 shares. Vesting is staggered across 2026, 2027 and 2028, and the 2028 tranche is tied to performance goals. This is a standard disclosure that increases transparency about executive alignment with shareholders but contains no immediate corporate actions or unusual governance events.
TL;DR: Disclosure quantifies executive equity exposure but provides no operational or financial changes likely to affect valuation.
The Form 3 documents initial beneficial ownership only. Key figures are direct ownership of 47,943 Class P shares and three RSU tranches (15,915; 13,834; 44,739) that convert to one share each at settlement. The presence of performance‑based RSUs indicates some pay is contingent on future targets, but the filing does not disclose those metrics or any immediate dilution. Impact on investors is informational and routine.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Class P Common Stock | -- | -- | -- |
Footnotes (1)
- These restricted stock units are scheduled to vest on July 18, 2026. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock. These restricted stock units are scheduled to vest on July 16, 2027 These restricted stock units are scheduled to vest on July 31, 2028, subject to achievement of certain performance goals.
