[Form 4] Kinder Morgan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kinder Morgan (KMI) – Form 4 insider activity

On 07/31/2025, VP & COO James E. Holland converted 108,319 restricted stock units into Class P common shares at a stated price of $0.00. To satisfy tax-withholding obligations, the company retained 42,053 shares at the 07/31/2025 closing price of $28.06, resulting in a net addition of 66,266 shares to Holland’s direct holdings.

• Gross shares acquired: 108,319
• Shares withheld (tax): 42,053
• Net change in ownership: +66,266 shares
• Total direct ownership after event: 535,477 shares
• Derivative RSUs outstanding: 0 (all settled)

The transaction was a scheduled RSU vesting (Code M) rather than an open-market purchase, and therefore carries limited signaling value for future company fundamentals.

Positive

• Insider share ownership rises by 66,266 shares, modestly increasing management’s equity stake and alignment with shareholders.

Negative

• 42,053 shares were immediately disposed of to cover taxes, indicating no out-of-pocket purchase by the executive and dampening bullish interpretation.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; insider keeps ~62% of vested shares, neutral impact on investment thesis.

The filing shows a standard equity-compensation event, not discretionary buying. While Holland’s net retention of 66k shares marginally increases alignment with shareholders, there was an automatic disposition of 42k shares for tax, limiting any bullish signal. No derivatives remain, reducing potential future dilution from this grant. Share count involved is immaterial to KMI’s 2.3 bn shares outstanding, so portfolio managers are unlikely to alter positions based solely on this filing.

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^*

Holland James E

(Last) (First) (Middle)

1001 LOUISIANA

SUITE 1000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

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 COO

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	07/31/2025		M(1)		108,319	A	$0	577,530	D
Class P Common Stock	07/31/2025		F(2)		42,053	D	$28.06(3)	535,477	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)	07/31/2025		M			108,319	(5)	(5)	Class P Common Stock	108,319	$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, 2025.

Remarks:

	/s/ James E. Holland	08/04/2025
	** 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.

FAQ

How many KMI shares did VP & COO James E. Holland acquire?

Holland received 108,319 shares through RSU settlement.

Why were 42,053 KMI shares disposed of on the same day?

They were withheld by the issuer to meet tax-withholding requirements on the vested RSUs.

What is Holland’s total direct ownership after the transaction?

He now directly owns 535,477 Class P common shares.

Was this an open-market purchase by the insider?

No. The shares were issued via scheduled RSU vesting (Code M), not a market buy.

Are any derivative securities still outstanding for this grant?

No. All 108,319 RSUs were settled; zero remain outstanding.