Kinetik Holdings (KNTK) grants RSUs and PSUs to General Counsel Ellis Lindsay
Rhea-AI Filing Summary
Kinetik Holdings Inc. reported equity awards to officer Ellis Lindsay, General Counsel, Chief Compliance Officer and Secretary. Lindsay received 9,731 restricted stock units under the company’s Amended and Restated 2019 Omnibus Compensation Plan, generally vesting on July 31, 2028 and settling one-for-one in Class A common stock if service continues through that date.
In addition, Lindsay acquired 578 dividend-equivalent performance share units credited under the company’s compensation and Dividend and Distribution Reinvestment Plan. After these awards, Lindsay holds 56,636 shares of Class A common stock directly and 9,818 performance share units, all potentially deliverable in Class A common stock upon vesting and settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,731 shares
Net Buy
2 txns
Insider
Ellis Lindsay
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F2 | 578 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock, par value $0.001 F1 | 9,731 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 9,818 shares (Direct);
Class A Common Stock, par value $0.001 — 56,636 shares (Direct)
Footnotes (2)
- F1. Includes an award of restricted stock units 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 July 31, 2028, 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.
- F2. Reflects 578 dividend equivalent shares accrued on performance share units ("PSU") granted to the Reporting Person under the Company's 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.
Key Figures
Restricted stock units granted: 9,731 units
Dividend-equivalent PSUs accrued: 578 units
Common shares held after award: 56,636 shares
+2 more
5 metrics
Restricted stock units granted
9,731 units
Award of RSUs vesting July 31, 2028, settled in Class A common stock
Dividend-equivalent PSUs accrued
578 units
Dividend equivalents credited on existing performance share units
Common shares held after award
56,636 shares
Direct Class A common stock ownership following August 7, 2026 transactions
Performance share units after award
9,818 units
Total PSUs reported as underlying Class A common stock
Transaction price per share
$0.0000
Reported price for both RSU and PSU-related awards
Key Terms
restricted stock units, Performance Share Units, dividend equivalent, Amended and Restated 2019 Omnibus Compensation Plan
4 terms
restricted stock units financial
"Includes an award of restricted stock units granted to the Reporting Person"
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.
dividend equivalent financial
"Reflects 578 dividend equivalent shares accrued on performance share units"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
Amended and Restated 2019 Omnibus Compensation Plan financial
"granted to the Reporting Person under the Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Ellis Lindsay receive from KNTK on August 7, 2026?
Ellis Lindsay received 9,731 restricted stock units and 578 dividend-equivalent performance share units. Both were granted under Kinetik’s compensation plans and may settle in Class A common stock upon vesting.
When do Ellis Lindsay’s newly granted KNTK restricted stock units vest?
The 9,731 restricted stock units generally vest on July 31, 2028, subject to Lindsay’s continued service with Kinetik Holdings through that date. Settlement is in Class A common stock on a one-for-one basis.
Were Ellis Lindsay’s KNTK equity awards part of a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as true. The transactions are reported as grants and accrued dividend-equivalent units under Kinetik’s compensation and reinvestment plans.
Do Ellis Lindsay’s newly reported KNTK awards involve any cash transaction?
No cash purchase or sale is reported; both awards show a $0.0000 per-share transaction price. They represent stock-based compensation and dividend-equivalent accruals rather than open-market trades.