Kinetik Holdings (NYSE: KNTK) grants RSUs and dividend PSUs to EVP Stellato
Rhea-AI Filing Summary
Stellato Steven reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported equity compensation awards to executive officer Steven Stellato, EVP and Chief Accounting and Administrative Officer. On 2026-08-07 he received 10,846 shares of Class A Common Stock in the form of restricted stock units under the Amended and Restated 2019 Omnibus Compensation Plan, which generally vest on July 31, 2028, and are settled one-for-one in Class A shares. He also accrued 1,721 dividend-equivalent performance share units, payable in Class A Common Stock upon vesting of the underlying performance share units. Following these awards, Stellato directly holds 404,228 shares of Class A Common Stock and 30,798 performance share units (including credited dividend equivalents).
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 10,846 shares
Net Buy
2 txns
Insider
Stellato Steven
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F2 | 1,721 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock, par value $0.001 F1 | 10,846 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 30,798 shares (Direct);
Class A Common Stock, par value $0.001 — 404,228 shares (Direct)
Footnotes (2)
- F1. Includes an award of restricted stock units granted to the Reporting Person under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") that will generally vest on July 31, 2028, subject to the Reporting Person's continued service relationship with the Company through such date and may be settled only for shares of Class A Common Stock on a one-for-one basis.
- F2. Reflects 1,721 dividend equivalent shares accrued on performance share units ("PSU") granted to the Reporting Person under the Plan and the Company'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.
Key Figures
Restricted stock units granted: 10,846 shares
Dividend-equivalent PSUs credited: 1,721 units
Common shares held after award: 404,228 shares
+2 more
5 metrics
Restricted stock units granted
10,846 shares
Award of RSUs to Steven Stellato on 2026-08-07 under the Omnibus Compensation Plan
Dividend-equivalent PSUs credited
1,721 units
Dividend-equivalent shares accrued on performance share units after prior Form 4 filing
Common shares held after award
404,228 shares
Direct Class A Common Stock holdings of Steven Stellato following the reported transactions
Performance share units outstanding
30,798 units
Underlying Class A Common Stock tied to Stellato’s performance share units after the award
RSU vesting date
July 31, 2028
General vesting date for the restricted stock unit award, subject to continued service
Key Terms
restricted stock units, Performance Share Units, dividend equivalent shares, Omnibus Compensation Plan, +1 more
5 terms
restricted stock units financial
"Includes an award of restricted stock units granted to the Reporting Person under the Kinetik Holdings Inc."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Omnibus Compensation Plan financial
"granted to the Reporting Person under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan"
Dividend and Distribution Reinvestment Plan financial
"under the Plan and the Company's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Kinetik Holdings (KNTK) grant to Steven Stellato on this Form 4?
Kinetik Holdings granted Steven Stellato 10,846 restricted stock units and credited 1,721 dividend-equivalent performance share units, all settleable in Class A Common Stock on a one-for-one basis, subject to vesting conditions.
When do Steven Stellato’s new restricted stock units at KNTK vest?
The restricted stock units granted to Steven Stellato generally vest on July 31, 2028, contingent on his continued service relationship with Kinetik Holdings through that date, after which they may be settled in Class A Common Stock.
What are the 1,721 dividend-equivalent units reported for Kinetik Holdings (KNTK)?
The 1,721 units are dividend-equivalent shares accrued on existing performance share units under Kinetik’s plans. Each unit reflects the right to receive one Class A share when the corresponding performance share units vest and shares are issued.
Was Steven Stellato’s Form 4 transaction under a Rule 10b5-1 trading plan at KNTK?
The filing indicates the Rule 10b5-1 checkbox is not marked, and the transactions are coded as A (grant or award), reflecting compensation-related grants rather than sales under a pre-arranged trading plan.
What plan governs the equity awards reported for Kinetik Holdings (KNTK) executive Steven Stellato?
The equity awards are granted under the Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan, which authorizes restricted stock units, performance share units, and related dividend-equivalent credits.