Kinetik director granted 3,102 KNTK shares
Kinetik Holdings Inc. director Laura A. Sugg reported an award of 3,102 shares of Class A Common Stock at no purchase price, increasing her direct holdings to 81,064 shares.
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Rhea-AI Filing Summary
Kinetik Holdings Inc. director Laura A. Sugg reported an award of 3,102 shares of Class A Common Stock at no purchase price, increasing her direct holdings to 81,064 shares. The position includes fully vested restricted stock units that will be settled in shares at a later date under the company’s compensation plan.
While these RSUs remain outstanding, dividend equivalents are reinvested into additional RSUs under the Dividend Reinvestment Plan. Footnotes state that the reported amount includes approximately 643 additional RSUs and 2,092 shares of Class A Common Stock acquired through this dividend reinvestment since her last Form 5.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,102 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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 or (b) change in control (as defined in the Plan).
- F2. 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.
- F3. Amount reported includes approximately 643 additional RSUs and 2,092 shares of Class A Common stock 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
Key Terms
restricted stock units financial
Dividend Reinvestment Plan financial
Amended and Restated 2019 Omnibus Compensation Plan financial
Form 5 regulatory
FAQ
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What insider transaction did Kinetik Holdings (KNTK) report for Laura A. Sugg?
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How does Kinetik Holdings’ Dividend Reinvestment Plan affect Laura A. Sugg’s RSUs?
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