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.
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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.
How many Summit Midstream Corp (SMC) shares were withheld for taxes in this Form 4?
The Form 4 reports that 2,757 shares of common stock were withheld at $26.81 per share to satisfy tax liabilities arising from the restricted stock unit vesting.
How many Summit Midstream Corp (SMC) common shares does the CFO own after the reported transactions?
Following the reported transactions, William J. Mault directly beneficially owned 70,588 shares of Summit Midstream Corp common stock.
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.