Kinetik director awarded 1,755 deferred RSUs
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).
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 1,755 | $0.00 | $0.00 |
Footnotes (2)
- 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") 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).
- 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.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
2019 Omnibus Compensation Plan financial
change-in-control financial
Dividend Reinvestment Plan financial
FAQ
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What insider transaction did Kinetik Holdings (KNTK) report for Harris Craig?
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Are Harris Craig’s RSUs in Kinetik Holdings (KNTK) immediately vested?
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