4//SEC Filing
Wall Matthew 4
Accession 0000950170-24-029555
CIK 0001692787other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 8:17 PM ET
Size
11.6 KB
Accession
0000950170-24-029555
Insider Transaction Report
Form 4
Wall Matthew
See Remarks
Transactions
- Award
Class A Common Stock, par value $0.001
2024-03-07+15,407→ 535,816 total - Award
Performance Share Units
2024-03-07+8,067→ 8,067 total→ Class A Common Stock, par value $0.001 (8,067 underlying) - Award
Class A Common Stock, par value $0.001
2024-03-07+12,855→ 514,516 total - Sale
Class A Common Stock, par value $0.001
2024-03-11$35.57/sh−3,185$113,290→ 511,331 total
Footnotes (5)
- [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.
- [F2]Represents shares of Class A Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the award of vested shares in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.
- [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.
- [F4]Includes 9,078 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.
- [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.
Documents
Issuer
Kinetik Holdings Inc.
CIK 0001692787
Entity typeother
Related Parties
1- filerCIK 0001911571
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 8:17 PM ET
- Size
- 11.6 KB