Trust tied to KYN (NYSE: KYN) executive receives 6,872 shares in in-kind distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kayne Anderson Energy Infrastructure Fund, Inc. insider restructuring shows Executive VP & Secretary Michael J. O'Neil, Jr. associated with an in-kind distribution of fund shares. On April 7, 2026, a trust linked to him received 6,872 shares of common stock at a reference value of $14.2139 per share, based on a volume weighted average price for the last 10 trading days of March. After this non-market restructuring transaction, the trust holds 17,312 shares indirectly. The movement reflects an internal distribution from Kayne Anderson Capital Advisors, L.P. to its limited partners, rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Neil Michael J
Role
Executive VP & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 6,872 | $14.2139 | $98K |
Holdings After Transaction:
Common Stock — 17,312 shares (Indirect, The Michael J. O'Neil, Jr. and Katrina E. Nappa 2018 Trust, dtd 12/5/2018)
Footnotes (1)
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Key Figures
Shares received: 6,872 shares
Reference price: $14.2139 per share
Indirect holdings after transaction: 17,312 shares
3 metrics
Shares received
6,872 shares
In-kind distribution on April 7, 2026
Reference price
$14.2139 per share
Volume weighted average price for last 10 trading days of March
Indirect holdings after transaction
17,312 shares
Held by The Michael J. O'Neil, Jr. and Katrina E. Nappa 2018 Trust
Key Terms
in-kind distribution, volume weighted average price, limited partners, trust
4 terms
in-kind distribution financial
"made an in-kind distribution of KYN shares to limited partners of KACALP"
volume weighted average price financial
"price per share for the distribution was calculated on a volume weighted average price"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
limited partners financial
"in-kind distribution of KYN shares to limited partners of KACALP"
Limited partners are investors who provide most of the capital to an investment partnership but do not run its day-to-day business; they have liability only up to the amount they invested. Think of them as silent backers who hire a manager to make decisions and share in profits or losses; their importance to investors lies in shaping how much money a fund can deploy, the risk and return profile they receive, and the liquidity and fees associated with that investment.
trust financial
"The Michael J. O'Neil, Jr. and Katrina E. Nappa 2018 Trust, dtd 12/5/2018"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What did KYN insider Michael J. O'Neil report in this Form 4 filing?
He reported an internal restructuring where a trust linked to him received 6,872 KYN common shares via in-kind distribution. This raised the trust’s indirect holdings to 17,312 shares, without any open-market buying or selling activity.
What are Michael J. O'Neil’s KYN holdings after this reported transaction?
Following the in-kind distribution, a trust associated with Michael J. O'Neil holds 17,312 KYN common shares indirectly. This reflects the updated indirect ownership position, as disclosed in the Form 4, after receiving 6,872 shares through the internal restructuring.
Was the KYN Form 4 transaction an open-market buy or sell?
No, the Form 4 describes an internal in-kind distribution, not an open-market buy or sell. Shares were redistributed by Kayne Anderson Capital Advisors, L.P. to its limited partners, with 6,872 shares allocated to the trust connected to Michael J. O'Neil.