Summit Midstream EVP sells 2,600 shares in plan
Summit Midstream Corp executive James David Johnston, Executive VP, General Counsel, Chief Compliance Officer and Secretary, sold 2,600 shares of common stock in an open-market transaction at a weighted average price of $29.72 per share.
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Form Type
4
Rhea-AI Filing Summary
Summit Midstream Corp executive James David Johnston, Executive VP, General Counsel, Chief Compliance Officer and Secretary, sold 2,600 shares of common stock in an open-market transaction at a weighted average price of $29.72 per share. The sale was executed under a pre-established Rule 10b5-1 trading plan and occurred through multiple trades between $29.42 and $30.13 per share. Following this transaction, he directly holds 75,357 shares of Summit Midstream common stock.
Insider Trade Summary 10b5-1
Net Seller: 2,600 shares
Net Sell
1 txn
Insider
Johnston James David
Role
Executive VP, GC, CCO and Secy
Sold
2,600 shs ($77K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,600 | $29.72 | $77K |
Holdings After Transaction:
Common Stock — 75,357 shares (Direct)
Footnotes (2)
- F1. These Common Stocks were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
- F2. The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $29.42 to $30.13, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
Key Figures
Shares sold: 2,600 shares
Weighted average sale price: $29.72 per share
Sale price range: $29.42–$30.13 per share
+1 more
4 metrics
Shares sold
2,600 shares
Open-market sale of common stock
Weighted average sale price
$29.72 per share
Average price for the 2,600 shares sold
Sale price range
$29.42–$30.13 per share
Range of prices for individual sale transactions
Shares held after transaction
75,357 shares
Direct ownership following the reported sale
Key Terms
Rule 10b5-1, weighted average price, open-market sale, Common Stock
4 terms
Rule 10b5-1 regulatory
"sold in compliance with a qualified selling plan adopted ... pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
weighted average price financial
"The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction code "S" indicates an open-market sale of Common Stock"
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.
Common Stock financial
"These Common Stocks were sold in multiple transactions at prices ranging from $29.42 to $30.13, inclusive."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Summit Midstream (SMC) executive James David Johnston report on this Form 4?
He reported selling 2,600 shares of Summit Midstream common stock. The transaction was an open-market sale made under a pre-arranged Rule 10b5-1 trading plan, and he continues to hold 75,357 shares directly after the sale.
Was the Summit Midstream (SMC) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states that the common shares were sold under a qualified selling plan adopted pursuant to Rule 10b5-1. Such plans pre-schedule trades, indicating the timing of this sale was determined in advance rather than made opportunistically.
What does the price range mean in this Summit Midstream (SMC) Form 4 filing?
The filing reports a weighted average price of $29.72, rounded to the nearest cent. It explains that the 2,600 shares were sold in multiple transactions, with individual trade prices ranging from $29.42 to $30.13 per share, all included in that average.
AI-generated analysis. How Rhea-AI works. Not financial advice.
