Kinetik (KNTK) director Mark D. Leland receives 3,102-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinetik Holdings Inc. director Mark D. Leland received an equity award of 3,102 shares of Class A common stock as a grant/acquisition, with no cash paid per share. This increased his direct beneficial ownership to 30,478 shares.
The award is structured as fully vested restricted stock units that can only be settled in common stock on a one-for-one basis. Settlement has been deferred until his service with the company ends or a change in control occurs. While the RSUs remain outstanding, dividend equivalents are automatically reinvested into additional vested RSUs, and the reported holdings include about 638 such RSUs accumulated since his last Form 5.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LELAND D MARK
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 3,102 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 — 30,478 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) 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. Amount reported includes approximately 638 additional RSUs 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
Equity grant size: 3,102 shares
Grant price per share: $0.00 per share
Shares owned after transaction: 30,478 shares
+1 more
4 metrics
Equity grant size
3,102 shares
Class A Common Stock grant on 2026-05-19
Grant price per share
$0.00 per share
Compensation-related award, not open-market purchase
Shares owned after transaction
30,478 shares
Direct holdings following the Form 4 transaction
Dividend reinvestment RSUs
Approximately 638 RSUs
Additional RSUs from dividend reinvestment since last Form 5
Key Terms
restricted stock units, Amended and Restated 2019 Omnibus Compensation Plan, change in control, Dividend Reinvestment Plan, +1 more
5 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.
Amended and Restated 2019 Omnibus Compensation Plan financial
"Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. ... Amended and Restated 2019 Omnibus Compensation Plan"
change in control financial
"settlement of such vested RSUs has been deferred until ... termination ... or (b) a change in control (as defined in the Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Dividend Reinvestment Plan financial
"dividends ... will be 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.
Form 5 regulatory
"includes approximately 638 additional RSUs acquired ... 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 Mark D. Leland?
Kinetik Holdings reported that director Mark D. Leland received an equity grant of 3,102 Class A shares. The award was recorded at a price of $0.00 per share, reflecting a compensation-related grant rather than an open-market purchase or sale.
What type of award did Mark D. Leland receive from Kinetik Holdings (KNTK)?
The filing shows a grant classified as a fully vested restricted stock unit award. These RSUs are settled only in Kinetik Holdings common stock on a one-for-one basis, with settlement deferred until his service ends or a qualifying change in control event occurs.
How are dividends on Mark D. Leland’s Kinetik (KNTK) RSUs treated?
While the RSUs are outstanding, dividend equivalents are automatically reinvested into additional RSUs. The reinvestment follows the company’s Dividend Reinvestment Plan terms and results in immediately vested RSUs, settled at the same time as the initial award units.
What portion of Mark D. Leland’s Kinetik (KNTK) holdings comes from dividend reinvestment RSUs?
The Form 4 states that his reported amount includes approximately 638 additional RSUs from dividend reinvestment. These units were acquired since his last Form 5 as dividends on existing RSUs were reinvested into new, fully vested RSUs.
Is Mark D. Leland’s Kinetik (KNTK) Form 4 transaction a market buy or sell?
No, the transaction is reported as a grant, award, or other acquisition, not a market trade. The 3,102 shares were received as compensation with a recorded price of $0.00 per share, rather than being bought or sold on the open market.