Kinetik (KNTK) director gets 3,102 RSUs, total stake now 13,352
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ORDEMANN WILLIAM reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. director William Ordemann received an award of 3,102 shares of Class A common stock at no cost, in the form of fully vested restricted stock units (RSUs) settled one-for-one in shares. Settlement is deferred until the earlier of his service termination, a change-in-control as defined in the company’s 2019 Omnibus Compensation Plan, or January 1, 2027. While the RSUs remain outstanding, dividends are reinvested into additional RSUs, and the reported amount includes approximately 295 such RSUs. After this award, Ordemann directly holds 13,352 shares/RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ORDEMANN WILLIAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 3,102 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 — 13,352 shares (Direct, null)
Footnotes (1)
- Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company; (b) a change-in-control (as defined in the Plan) or (c) by January 1, 2027. While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and pursuant to the Reporting Person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note 1 above. Amount reported includes approximately 295 additional RSUs acquired by the Reporting Person since the date of the Reporting Person's last Form 5 in connection with the reinvestment of dividends described herein.
Key Figures
RSU award: 3,102 shares
Total holdings after award: 13,352 shares/RSUs
Dividend reinvestment RSUs: ≈295 RSUs
+2 more
5 metrics
RSU award
3,102 shares
Grant of Class A common stock RSUs to director
Total holdings after award
13,352 shares/RSUs
Direct position following the Form 4 transaction
Dividend reinvestment RSUs
≈295 RSUs
Additional RSUs acquired via dividend reinvestment since last Form 5
Transaction price
$0.0000 per share
Indicates compensation grant, not market purchase
Earliest settlement deadline
January 1, 2027
Latest date for deferred RSU settlement under election
Key Terms
restricted stock units ("RSUs"), Amended and Restated 2019 Omnibus Compensation Plan, change-in-control, Dividend Reinvestment Plan, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated 2019 Omnibus Compensation Plan financial
"under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan"
change-in-control financial
"the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company; (b) a change-in-control (as defined in the Plan)"
A change-in-control is a transaction or event that shifts who ultimately owns or runs a company—such as a sale, merger, or transfer of a majority of voting shares—and often triggers contractual protections, payoffs or rule changes. Investors care because it can instantly alter a company’s leadership, strategy, cash flows and the value or timing of stock payouts, much like handing a house’s keys to a new owner who may change the rules and distribute proceeds differently.
Dividend Reinvestment Plan financial
"based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
fully vested financial
"The additional RSUs will be immediately vested in full"
FAQ
What insider transaction did Kinetik Holdings (KNTK) report for William Ordemann?
William Ordemann received 3,102 Class A shares via an RSU award at no cost. The RSUs are fully vested and settle into common stock on a one-for-one basis under Kinetik’s 2019 Omnibus Compensation Plan, subject to specific deferred settlement conditions.
How and when will William Ordemann’s Kinetik (KNTK) RSUs be settled?
The RSUs will be settled in shares of Kinetik common stock on a deferred basis. Settlement occurs at the earlier of his service termination, a change-in-control as defined in the plan, or by January 1, 2027, reflecting a long-term compensation structure.
Does William Ordemann receive dividends on his Kinetik (KNTK) RSUs?
Cash dividends are not paid directly; they are reinvested into additional RSUs. An amount equal to dividends is converted into extra RSUs using the company’s Dividend Reinvestment Plan rate, and these additional RSUs are immediately vested and deferred for settlement on the same schedule.
How many Kinetik (KNTK) RSUs came from dividend reinvestment for William Ordemann?
The reported holdings include approximately 295 additional RSUs from dividend reinvestment. These RSUs were acquired since his last Form 5 filing, reflecting reinvested dividends under Kinetik’s Dividend Reinvestment Plan and are fully vested but deferred for settlement.
What is William Ordemann’s total reported Kinetik (KNTK) equity position after this Form 4?
After the reported award, William Ordemann holds 13,352 shares/RSUs of Kinetik Class A stock directly. This total includes the new 3,102-share RSU award and roughly 295 RSUs acquired through dividend reinvestment since his last Form 5.
Is the Kinetik (KNTK) Form 4 transaction a market purchase or sale by William Ordemann?
The transaction is a grant or award acquisition, not an open-market trade. It reflects compensation in the form of fully vested RSUs at a zero transaction price per share, rather than a discretionary buy or sell on the stock market.