Summit Midstream (SMC) director Peters sells 10,000 shares via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Summit Midstream Corp director Jerry L. Peters reported an open-market sale of 10,000 shares of Common Stock at $32.00 per share through a Joint Spousal Trust. The transaction was reported as an indirect ownership change.
Following this sale, the Joint Spousal Trust held 16,979 Summit Midstream Corp shares attributable to Peters.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($320,000)
Net Sell
1 txn
Insider
PETERS JERRY L
Role
null
Sold
10,000 shs ($320K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $32.00 | $320K |
Holdings After Transaction:
Common Stock — 16,979 shares (Indirect, By Joint Spousal Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 10,000 shares
Sale price: $32.00 per share
Shares held after sale: 16,979 shares
3 metrics
Shares sold
10,000 shares
Open-market sale of Common Stock
Sale price
$32.00 per share
Price for the 10,000 shares sold
Shares held after sale
16,979 shares
Indirectly held by Joint Spousal Trust after transaction
Key Terms
open-market sale, Joint Spousal Trust, indirect, Common Stock
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Joint Spousal Trust financial
"nature_of_ownership: By Joint Spousal Trust"
indirect financial
"ownership_type: indirect"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Summit Midstream Corp (SMC) report for Jerry L. Peters?
Summit Midstream Corp reported that director Jerry L. Peters executed an open-market sale of 10,000 shares of Common Stock. The transaction was reported on a Form 4 as an indirect sale through a Joint Spousal Trust at a price of $32.00 per share.
Was the Summit Midstream Corp (SMC) Form 4 sale by Jerry L. Peters a direct or indirect transaction?
The sale was reported as an indirect transaction. The 10,000 Summit Midstream Corp shares were sold by a Joint Spousal Trust, with ownership coded as indirect, and Jerry L. Peters listed as a trustee and beneficiary along with his spouse.
What type of security was involved in Jerry L. Peters’ Summit Midstream Corp (SMC) Form 4 filing?
The Form 4 shows that the transaction involved Summit Midstream Corp Common Stock. Director Jerry L. Peters reported an open-market sale of 10,000 Common Stock shares at $32.00 per share, held indirectly through a Joint Spousal Trust structure.