Form 4 for KNTK Kinetik Holdings Inc.
Accepted 2024-03-11 00:00:00 ET · period of report 2024-03-07 · accession 0000950170-24-029568 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-11 | 2024-03-07 | KNTK | Stellato Steven | See Remarks | A - Grant | $0.00 | +29.0K | 332.0K | +10% | $0 |
| D | 2024-03-11 | 2024-03-11 | KNTK | Stellato Steven | See Remarks | S - Sale | $35.57 | -3,179 | 328.9K | -1.0% | -$113.1K |
| D | 2024-03-11 | 2024-03-07 | KNTK | Stellato Steven | See Remarks | A - Grant | $0.00 | +8,452 | 8,452 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, par value $0.001 | 2024-03-07 | A | A | 16,141 | $0.00 | 350,160 | D | — | — | (F4) Includes 5,154 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing. (F3) Represents an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2027, subject to the Reporting Person's continued employment through such date, and may be settled only for shares of Class A Common Stock on a one-for-one basis. |
| 2 | Common | Class A Common Stock, par value $0.001 | 2024-03-07 | A | A | 12,855 | $0.00 | 332,044 | D | — | — | (F1) Represents an award of fully vested shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock") of Kinetik Holding Inc. (the "Issuer") granted to the Reporting Person in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year. |
| 3 | Common | Class A Common Stock, par value $0.001 | 2024-03-11 | S | D | 3,179 | $35.57 | 328,865 | D | — | — | |
| 4 | Derivative | Performance Share Units | 2024-03-07 | A | A | 8,452 | $0.00 | 8,452 | D | — · — to — | 8,452 Class A Common Stock, par value $0.001 | (F5) Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued employment and the Issuer's annualized total shareholder return over the period from January 1, 2024, through December 31, 2026. |