Summit Midstream Corp (SMC) CFO nets shares after RSU vesting
Rhea-AI Filing Summary
Summit Midstream Corp Executive VP and CFO William J. Mault reported equity compensation activity on a Form 4 dated January 16, 2026. He acquired 10,121 shares of common stock through the vesting and settlement of an equal number of corporation restricted stock units, which are the economic equivalent of common stock on a one-for-one basis.
To cover tax obligations from this vesting, 2,757 common shares were withheld at a price of $26.81 per share. After these transactions, Mault directly beneficially owned 70,588 shares of common stock and 84,746 corporation restricted stock units, which include multiple tranches with different vesting dates. The remaining restricted stock units and associated distribution equivalent rights do not expire and will settle in stock or cash upon future vesting, at the issuer’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Corporation Restricted Stock Units | 10,121 | $0.00 | -- |
| Exercise | Common Stock | 10,121 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,757 | $26.81 | $74K |
Footnotes (1)
- Each corporation restricted stock unit is the economic equivalent of one common stock. Common stocks being withheld to pay tax liability. One-third of the corporation restricted stock units subject to the original award agreement vested on January 16, 2026, with the remaining corporation restricted stock units subject to vesting on the third anniversary of the January 18, 2024 reference date, subject to continued employment. The Reporting Person received distribution equivalent rights ("DERs") for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. The corporation restricted stock units and associated DERs do not expire. The corporation restricted stock units are settled upon vesting in common stocks (on a one-for-one basis) or in cash, at the discretion of the Issuer. This total includes corporation restricted stock units from other tranches with different vesting dates.
FAQ
What insider transaction did Summit Midstream Corp (SMC) report for its CFO?
The filing shows that Executive VP and CFO William J. Mault acquired 10,121 shares of common stock on January 16, 2026 through the vesting and settlement of an equal number of corporation restricted stock units.
What is the status of the CFO’s restricted stock units at Summit Midstream Corp (SMC)?
After the vesting of 10,121 units, the CFO held 84,746 corporation restricted stock units, which include other tranches with different vesting dates and settle into common stock or cash upon vesting.
Do the Summit Midstream Corp (SMC) restricted stock units or DERs reported for the CFO expire?
The filing states that the corporation restricted stock units and associated distribution equivalent rights do not expire and are settled upon vesting in common stock or cash at the issuer’s discretion.
What role does William J. Mault hold at Summit Midstream Corp (SMC)?
William J. Mault is identified as an Officer of Summit Midstream Corp, serving as Executive VP and CFO, and he is not listed as a director or 10% owner.