Kinetik (KNTK) director Laura Sugg receives 3,102-share stock award and holds 81,064
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SUGG LAURA A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,102 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 81,064 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 or (b) change in control (as defined in the Plan). 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 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
Stock award: 3,102 shares
Shares held after: 81,064 shares
Additional RSUs from dividends: approximately 643 RSUs
+1 more
4 metrics
Stock award
3,102 shares
Class A Common Stock grant at $0.0000 per share on May 19, 2026
Shares held after
81,064 shares
Direct Class A Common Stock holdings following the reported transaction
Additional RSUs from dividends
approximately 643 RSUs
RSUs accumulated since last Form 5 via dividend reinvestment
Additional shares from dividends
2,092 shares
Class A shares acquired since last Form 5 via dividend reinvestment
Key Terms
restricted stock units, Dividend Reinvestment Plan, Amended and Restated 2019 Omnibus Compensation Plan, Form 5
4 terms
restricted stock units financial
"Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock"
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.
Dividend Reinvestment Plan financial
"dividends that would have been paid on the RSUs ... reinvested into additional RSUs 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.
Amended and Restated 2019 Omnibus Compensation Plan financial
"Reporting Person's election under the Kinetik Holdings Inc. ... Amended and Restated 2019 Omnibus Compensation Plan"
Form 5 regulatory
"Amount reported includes approximately 643 additional RSUs and 2,092 shares ... since the date of the Reporting Person's last Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
FAQ
What insider transaction did Kinetik Holdings (KNTK) report for Laura A. Sugg?
Kinetik Holdings director Laura A. Sugg reported receiving 3,102 shares of Class A Common Stock as a grant or award at no purchase price. This award increased her directly held position and reflects equity-based compensation rather than an open-market stock purchase.
What are the terms of Laura A. Sugg’s RSUs at Kinetik Holdings (KNTK)?
Her fully vested restricted stock units can only be settled one-for-one in common stock. Settlement is deferred until either her service with Kinetik Holdings ends or a change in control occurs, as defined in the company’s Amended and Restated 2019 Omnibus Compensation Plan.
How does Kinetik Holdings’ Dividend Reinvestment Plan affect Laura A. Sugg’s RSUs?
While her RSUs are outstanding, dividend equivalents are reinvested into additional RSUs at the same rate used in Kinetik’s Dividend Reinvestment Plan. These additional RSUs vest immediately and will be settled at the same time as the original RSU award.