Director gifts Summit Midstream (SMC) shares, ends direct stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Summit Midstream Corp director Jerry L. Peters reported gifting 7,466 shares of Common Stock on April 20, 2026. The transactions were bona fide gifts, split into two transfers of 3,733 shares each from his direct holdings and from a Joint Spousal Trust. After these gifts, he holds 26,979 shares indirectly through the Joint Spousal Trust and no shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,466 shares gifted
Mixed
2 txns
Insider
PETERS JERRY L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,733 | $0.00 | -- |
| Gift | Common Stock | 3,733 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null);
Common Stock — 26,979 shares (Indirect, By Joint Spousal Trust)
Footnotes (1)
- [object Object]
Key Figures
Total shares gifted: 7,466 shares
First gift transaction: 3,733 shares
Second gift transaction: 3,733 shares
+2 more
5 metrics
Total shares gifted
7,466 shares
Bona fide gifts of Common Stock on April 20, 2026
First gift transaction
3,733 shares
Indirect ownership, Joint Spousal Trust, Common Stock
Second gift transaction
3,733 shares
Direct ownership, Common Stock
Shares held after gifts
26,979 shares
Indirectly via Joint Spousal Trust following transactions
Gift transactions count
2 transactions
Both coded G as bona fide gifts of Common Stock
Key Terms
bona fide gift, Joint Spousal Trust, Form 4, indirect ownership
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for both Common Stock entries"
Joint Spousal Trust financial
"nature_of_ownership: "By Joint Spousal Trust" and footnote describing trustees"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing director’s transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
indirect ownership financial
"ownership_type: "indirect" for shares held by Joint Spousal Trust"
FAQ
What insider transaction did Summit Midstream (SMC) director Jerry L. Peters report?
Director Jerry L. Peters reported bona fide gifts of Summit Midstream common stock. He transferred 7,466 shares in total on April 20, 2026, through two separate 3,733-share gifts, moving shares from both direct ownership and a Joint Spousal Trust.
What are Jerry L. Peters’ Summit Midstream (SMC) holdings after the reported gifts?
After the gifts, Jerry L. Peters holds 26,979 Summit Midstream shares indirectly. The Form 4 lists these shares as owned through a Joint Spousal Trust, while his direct common stock holdings are shown as zero following the April 20, 2026 transactions.
Does Jerry L. Peters’ Form 4 for Summit Midstream (SMC) involve any stock sales or purchases?
The Form 4 reports only bona fide gifts, not open-market sales or purchases. Both transactions use code “G” with a zero dollar price per share, reflecting transfers of ownership as gifts rather than trades that would generate cash proceeds.