Stock bonus: Kinetik Holdings (KNTK) officer awarded 5,072 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ellis Lindsay reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that company officer Ellis Lindsay received an equity award rather than making an open-market trade. On an effective date of 2 March 2026, Lindsay was granted 5,072 fully vested shares of Class A common stock at a stated price of $0.00 per share. The award was granted in lieu of a cash payout for the officer’s annual incentive award earned for the 2025 fiscal year, effectively paying that bonus in stock instead of cash. Following this grant, Lindsay directly owned 48,165 shares of Kinetik’s Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ellis Lindsay
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 5,072 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 — 48,165 shares (Direct)
Footnotes (1)
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FAQ
What did Kinetik Holdings (KNTK) report in this Form 4 for Ellis Lindsay?
Kinetik Holdings reported that officer Ellis Lindsay received 5,072 fully vested Class A common shares as an equity award. The shares were granted instead of a cash bonus for the 2025 fiscal year, increasing his direct holdings to 48,165 shares after the transaction.
Was the Kinetik Holdings (KNTK) Form 4 transaction a stock purchase or a grant?
The Form 4 transaction was a stock grant, not an open-market purchase. Ellis Lindsay received 5,072 fully vested Class A common shares at a stated price of $0.00 per share as compensation, replacing a cash annual incentive award for the 2025 fiscal year.
What is the purpose of the Kinetik Holdings (KNTK) equity award to Ellis Lindsay?
The equity award represents payment of Ellis Lindsay’s annual incentive for the 2025 fiscal year in stock instead of cash. He was granted 5,072 fully vested Class A common shares, aligning part of his compensation with shareholder interests through direct equity ownership.
Did Kinetik Holdings (KNTK) pay cash to Ellis Lindsay in this Form 4 transaction?
No cash was paid in this transaction. Instead, Kinetik Holdings granted Ellis Lindsay 5,072 fully vested Class A common shares at a stated price of $0.00 per share, settling his 2025 annual incentive award entirely in stock rather than cash.
Is the Ellis Lindsay Form 4 transaction in Kinetik Holdings (KNTK) routine compensation?
The filing describes the transaction as an award of fully vested shares in lieu of a cash annual incentive for the 2025 fiscal year. This structure indicates routine executive compensation, using stock grants instead of cash to deliver an earned incentive payment.