Equity awards for Kinetik (KNTK) officer include RSUs, PSUs and dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stellato Steven reported acquisition or exercise transactions in this Form 4 filing.
Kinetik Holdings Inc. reported that officer Steven Stellato received new equity awards on February 20, 2026. He was granted 20,226 shares of Class A common stock in the form of restricted stock units under the company’s Amended and Restated 2019 Omnibus Compensation Plan, which generally vest on January 1, 2029 if he continues his service.
He also received 10,113 performance share units (PSUs), each representing the right to one share of Class A common stock. Between 0% and 200% of these PSUs may vest based on his continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. In addition, 618 dividend-equivalent PSUs were credited on earlier PSUs, which can be settled in Class A common stock when the underlying units vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Stellato Steven
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 10,113 | $0.00 | -- |
| Grant/Award | Performance Share Units | 618 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 | 20,226 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 28,459 shares (Direct);
Class A Common Stock, par value $0.001 — 389,044 shares (Direct)
Footnotes (1)
- Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. 's (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 618 dividend equivalent shares accrued on PSUs 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.
FAQ
What insider equity awards were reported for Kinetik Holdings (KNTK)?
Kinetik Holdings reported that officer Steven Stellato received equity awards including 20,226 restricted stock units and 10,113 performance share units, plus 618 dividend-equivalent PSUs. All awards are settled in Class A common stock if and when the specified vesting conditions are met.
What are the vesting conditions for Stellato’s PSUs at Kinetik Holdings (KNTK)?
The PSUs vest based on two factors: Stellato’s continued service and Kinetik’s annualized total shareholder return from January 1, 2026, through December 31, 2028. Depending on performance, between 0% and 200% of the 10,113 target PSUs may ultimately vest and convert into Class A shares.
When do Steven Stellato’s restricted stock units at Kinetik (KNTK) vest?
The restricted stock units representing 20,226 shares generally vest on January 1, 2029, if Stellato maintains a continuous service relationship with Kinetik Holdings through that date. Once vested, they may be settled only in shares of Class A common stock on a one-for-one basis.
What are the 618 dividend-equivalent units reported for Kinetik (KNTK)?
The 618 units are dividend-equivalent PSUs credited on earlier performance share awards under Kinetik’s plans. Each unit reflects the right to receive one Class A share, following the same vesting and settlement terms as the related PSUs, including additional dividend equivalents during the two-year vesting period.