Form 4 for SMC Summit Midstream Corp
Accepted 2025-01-22 00:00:00 ET · period of report 2025-01-17 · accession 0002024218-25-000005 · 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 | 2025-01-22 | 2025-01-17+ | SMC | Deneke J Heath | COB, Pres, CEO | S - Sale+OE | $41.63 | -3,000 | 268.3K | -1% | -$124.9K |
| D | 2025-01-22 | 2025-01-18 | SMC | Deneke J Heath | COB, Pres, CEO | M - OptEx | — | +32.8K | 278.8K | +13% | — |
| D | 2025-01-22 | 2025-01-18 | SMC | Deneke J Heath | COB, Pres, CEO | F - Tax | $41.57 | -9,435 | 269.3K | -3% | -$392.2K |
| D | 2025-01-22 | 2025-01-18 | SMC | Deneke J Heath | COB, Pres, CEO | M - OptEx | $0.00 | -32.8K | 295.0K | -10% | $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 | Common Stock | 2025-01-17 | S | D | 1,000 | $40.11 | 246,006 | D | — | — | (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 $38.48 to $41.95, 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. |
| 2 | Common | Common Stock | 2025-01-18 | M | A | 32,755 | — | 278,761 | D | — | — | (F3) Each corporation restricted stock unit is the economic equivalent of one common stock. |
| 3 | Common | Common Stock | 2025-01-22 | S | D | 1,000 | $42.73 | 267,326 | D | — | — | (F6) 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 $41.54 to $43.89, 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 6 to this Form 4. |
| 4 | Common | Common Stock | 2025-01-18 | F | D | 9,435 | $41.57 | 269,326 | D | — | — | (F4) Common stocks being withheld to pay tax liability. |
| 5 | Common | Common Stock | 2025-01-21 | S | D | 1,000 | $42.06 | 268,326 | D | — | — | (F5) 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 $41.33 to $42.61, 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 5 to this Form 4. |
| 6 | Derivative | Corporation Restricted Stock Units | 2025-01-18 | M | D | 32,755 | $0.00 | 295,004 | D | — · — to — | 32,755 Common Stock | (F9) This total includes corporation restricted stock units from other tranches with different vesting dates. (F3) Each corporation restricted stock unit is the economic equivalent of one common stock. (F7) One-third of the corporation restricted stock units subject to the original award agreement vested on January 18, 2025, with the remaining corporation restricted stock units subject to vesting on the second and third anniversaries 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. (F8) 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. |