Kinetik (KNTK) officer receives new RSU and PSU equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wall Matthew reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that officer Matthew Wall received new equity awards on February 20, 2026. He was granted 13,005 Performance Share Units (PSUs), plus 631 additional PSUs credited as dividend equivalents, each representing a contingent right to one share of Class A common stock.
The PSUs can ultimately vest between 0% and 200% of the target amount based on continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. Wall also received 26,010 shares of Class A common stock through an RSU award that will generally vest on January 1, 2029, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wall Matthew
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 13,005 | $0.00 | -- |
| Grant/Award | Performance Share Units | 631 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 | 26,010 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 31,671 shares (Direct);
Class A Common Stock, par value $0.001 — 580,748 shares (Direct)
Footnotes (1)
- Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") that will generally vest on January 1, 2029, subject to the Reporting Person's continued service relationship with the Company through such date and may be settled only for shares of Class A Common Stock on a one-for-one basis. Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued service relationship with the Company and the Company's annualized total shareholder return over the period from January 1, 2026, through December 31, 2028. Reflects 631 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Plan and the Company's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period, the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs resulting from dividend equivalents.
FAQ
What equity awards did Matthew Wall receive in Kinetik Holdings (KNTK) Form 4?
Matthew Wall received 13,005 Performance Share Units, 631 dividend-equivalent PSUs, and an RSU award for 26,010 shares of Class A common stock. These awards were granted as part of Kinetik’s Amended and Restated 2019 Omnibus Compensation Plan.
What is the vesting schedule for Matthew Wall’s RSUs reported by Kinetik (KNTK)?
The RSU award to Matthew Wall will generally vest on January 1, 2029, subject to his continued service with Kinetik Holdings. Once vested, the RSUs may be settled only in shares of Class A common stock on a one-for-one basis under the company’s compensation plan.
What are the 631 dividend-equivalent PSUs reported for Kinetik (KNTK) officer Matthew Wall?
The 631 PSUs reflect dividend equivalent shares accrued on previously granted PSUs under Kinetik’s Dividend and Distribution Reinvestment Plan. These units track dividends during the vesting period and pay out in Class A common stock when the underlying PSUs vest and settle.
Does Matthew Wall’s Kinetik (KNTK) Form 4 show stock purchases or sales?
The Form 4 shows grant and award acquisitions of PSUs, dividend-equivalent PSUs, and RSUs that settle in stock. It does not report any open-market purchases or sales; all transactions are equity compensation awards under Kinetik’s omnibus compensation plan.