Kinetik director granted 3,102 new shares
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 | 3,102 | $0.00 | $0.00 |
Footnotes (3)
- 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") 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).
- 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.
- F3. 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
Key Terms
restricted stock units financial
Amended and Restated 2019 Omnibus Compensation Plan financial
change in control financial
Dividend Reinvestment Plan financial
Form 5 regulatory
FAQ
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What insider transaction did Kinetik Holdings (KNTK) report for Mark D. Leland?
What type of award did Mark D. Leland receive from Kinetik Holdings (KNTK)?
How are dividends on Mark D. Leland’s Kinetik (KNTK) RSUs treated?
What portion of Mark D. Leland’s Kinetik (KNTK) holdings comes from dividend reinvestment RSUs?
Is Mark D. Leland’s Kinetik (KNTK) Form 4 transaction a market buy or sell?
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