Director Harris Craig receives 1,755 RSUs at Kinetik (NYSE: KNTK)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinetik Holdings director Harris Craig received an equity award of 1,755 shares of Class A common stock through fully vested restricted stock units (RSUs). Each RSU converts into one share, but settlement is deferred until Craig’s service with the company ends or a change-in-control occurs under the company’s compensation plan.
While the RSUs are outstanding, dividend equivalents will be reinvested into additional fully vested RSUs at the same rate as the company’s Dividend Reinvestment Plan, and these will be settled at the same deferred time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Craig
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 1,755 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 — 1,755 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") 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) a 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.
Key Figures
RSU shares awarded: 1,755 shares
Per-share transaction price: $0.0000 per share
Shares held after transaction: 1,755 shares
+1 more
4 metrics
RSU shares awarded
1,755 shares
Fully vested RSU grant to Harris Craig
Per-share transaction price
$0.0000 per share
Equity award, not open-market purchase
Shares held after transaction
1,755 shares
Direct ownership following RSU award
Transaction date
2026-06-24
Grant/award acquisition date
Key Terms
restricted stock units ("RSUs"), 2019 Omnibus Compensation Plan, change-in-control, Dividend Reinvestment Plan
4 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.
2019 Omnibus Compensation Plan financial
"under the Kinetik Holdings Inc. (the "Company") 2019 Omnibus Compensation Plan, as amended from time to time"
change-in-control financial
"until the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company or (b) a change-in-control"
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, as amended from time to time"
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.
FAQ
What insider transaction did Kinetik Holdings (KNTK) report for Harris Craig?
Kinetik reported that director Harris Craig acquired 1,755 shares of Class A common stock via a fully vested restricted stock unit (RSU) award. The RSUs settle into shares on a one-for-one basis under the company’s 2019 Omnibus Compensation Plan.
How are dividends handled on Harris Craig’s RSUs in Kinetik Holdings (KNTK)?
While the RSUs remain outstanding, an amount equal to dividends that would have been paid is reinvested into additional fully vested RSUs. These additional RSUs are based on the company’s Dividend Reinvestment Plan rate and settle at the same deferred time.
Are Harris Craig’s RSUs in Kinetik Holdings (KNTK) immediately vested?
Yes. The award consists of fully vested RSUs, meaning they are not subject to further vesting conditions. However, actual settlement into common shares is deferred until service termination or a qualifying change-in-control, based on Craig’s election under the compensation plan.