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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 1,219 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 | 3,596 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, par value $0.001 | 11,972 | $36.05 | $432K |
Footnotes (1)
- Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holding Inc. (the "Issuer") Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan") that will generally vest on January 1, 2027, subject to the Reporting Person's continued employment through such date and may be settled only for shares of Class A Common Stock on a one-for-one basis. Shares withheld by the Issuer to satisfy the Reporting Person's tax liability that arose with a vesting event of RSUs granted on March 10, 2023 and May 9, 2025. Reflects 1,219 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Issuer's Plan and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period, the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs resulting from dividend equivalents.
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.
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.
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.