Kinetik Holdings (KNTK) EVP reports stock awards and 11,972-share tax withholding
Rhea-AI Filing Summary
Kinetik Holdings Inc. reported insider equity awards and related share withholding for an executive officer. On January 2, 2026, the executive received 3,596 shares of Class A common stock as restricted stock units at a stated price of $0, which generally vest on January 1, 2027, subject to continued employment. On the same date, 11,972 shares were withheld at $36.05 per share to cover tax obligations from earlier RSU vesting events.
The filing also shows 1,219 dividend equivalent units credited on previously granted performance share units, tied to Kinetik’s dividend reinvestment arrangements. These correspond to 18,346 shares of Class A common stock underlying the performance share units. After these transactions, the executive beneficially owns 368,818 shares of Class A common stock directly.
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FAQ
What insider transaction did Kinetik Holdings (KNTK) report on January 2, 2026?
Kinetik Holdings reported that an executive officer acquired 3,596 shares of Class A common stock through an award of restricted stock units on January 2, 2026, at a stated price of $0 per share.
How many Kinetik Holdings (KNTK) shares were withheld for taxes in this Form 4?
The filing shows that 11,972 shares of Class A common stock were withheld by Kinetik Holdings to satisfy the reporting person’s tax liability at a price of $36.05 per share.
What equity awards did the Kinetik Holdings (KNTK) executive receive that affect future vesting?
The executive received restricted stock units that generally vest on January 1, 2027, and performance share units with 1,219 dividend equivalent units accrued, all ultimately settleable in Class A common stock subject to the plan’s terms.
How many Kinetik Holdings (KNTK) shares does the reporting person own after these transactions?
After the reported transactions, the reporting person beneficially owns 368,818 shares of Kinetik Holdings Class A common stock directly.
What do the dividend equivalent units in the Kinetik Holdings (KNTK) Form 4 represent?
The Form 4 states that 1,219 dividend equivalent units accrued on performance share units, each reflecting the right to receive Class A common stock on a one-for-one basis when the underlying units vest and shares are issued.
What is the role of the insider reporting this Kinetik Holdings (KNTK) transaction?
The reporting person is identified as EVP, Chief Accounting Officer and Chief Administrative Officer of Kinetik Holdings.