Form 4 for SMC Summit Midstream Corp
Accepted 2025-03-18 00:00:00 ET · period of report 2025-03-14 · accession 0002024218-25-000034 · 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 | 2025-03-18 | 2025-03-15 | SMC | Johnston James David | GC, CCO, Executive VP, Secy | M - OptEx | — | +19.4K | 41.7K | +87% | — |
| DM | 2025-03-18 | 2025-03-15 | SMC | Johnston James David | GC, CCO, Executive VP, Secy | F - Tax | $37.44 | -5,724 | 43.4K | -12% | -$214.3K |
| DM | 2025-03-18 | 2025-03-15 | SMC | Johnston James David | GC, CCO, Executive VP, Secy | M - OptEx | $0.00 | -19.4K | 114.3K | -14% | $0 |
| DM | 2025-03-18 | 2025-03-14 | SMC | Johnston James David | GC, CCO, Executive VP, Secy | A - Grant | $0.00 | +27.9K | 105.9K | +36% | $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 | 2025-03-15 | M | A | 9,793 | — | 53,211 | D | — | — | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. |
| 2 | Common | Common Stock | 2025-03-15 | F | D | 3,395 | $37.44 | 49,816 | D | — | — | (F2) Common stocks being withheld to pay tax liability. |
| 3 | Common | Common Stock | 2025-03-15 | M | A | 4,018 | — | 44,397 | D | — | — | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. |
| 4 | Common | Common Stock | 2025-03-15 | F | D | 1,350 | $37.44 | 40,379 | D | — | — | (F2) Common stocks being withheld to pay tax liability. |
| 5 | Common | Common Stock | 2025-03-15 | M | A | 5,544 | — | 41,729 | D | — | — | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. |
| 6 | Common | Common Stock | 2025-03-15 | F | D | 979 | $37.44 | 43,418 | D | — | — | (F2) Common stocks being withheld to pay tax liability. |
| 7 | Derivative | Corporation Restricted Stock Units | 2025-03-15 | M | D | 4,018 | $0.00 | 110,304 | D | — · — to — | 4,018 Common Stock | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. (F7) The final twenty percent of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received 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. (F4) 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. |
| 8 | Derivative | Corporation Restricted Stock Units | 2025-03-15 | M | D | 9,793 | $0.00 | 100,511 | D | — · — to — | 9,793 Common Stock | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. (F8) One-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, and the final one-third of the corporation restricted stock units shall vest on the third anniversary of the March 15, 2023, reference date, subject to continued employment. The Reporting Person received 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. (F4) 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. |
| 9 | Derivative | Corporation Restricted Stock Units | 2025-03-15 | M | D | 5,544 | $0.00 | 114,322 | D | — · — to — | 5,544 Common Stock | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. (F6) The final one-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received 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. (F4) 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. |
| 10 | Derivative | Corporation Restricted Stock Units | 2025-03-14 | A | A | 13,958 | $0.00 | 119,866 | D | — · — to — | 13,958 Common Stock | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. (F5) The corporation restricted stock units shall vest if and to the extent that the corporation restricted stock units are earned during the performance period from January 1, 2025 through December 31, 2027, which will depend on whether the performance criteria are achieved as determined by the committee as soon as reasonably practicable, but no later than sixty (60) days following December 31, 2027, the last day of the Performance Period. The vesting of the corporation restricted stock units is subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive 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. (F4) 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. |
| 11 | Derivative | Corporation Restricted Stock Units | 2025-03-14 | A | A | 13,958 | $0.00 | 105,908 | D | — · — to — | 13,958 Common Stock | (F1) Each corporation restricted stock unit is the economic equivalent of one common stock. (F3) One-third of the corporation restricted stock units (rounded down to the nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first, second and third anniversaries of the March 14, 2025, reference date, subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive 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. (F4) 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. |