4//SEC Filing
Welch Jamie 4
Accession 0000950170-24-029584
CIK 0001692787other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 8:33 PM ET
Size
12.1 KB
Accession
0000950170-24-029584
Insider Transaction Report
Form 4
Welch Jamie
DirectorSee Remarks
Transactions
- Award
Class A Common Stock, par value $0.001
2024-03-07+32,282→ 3,584,411 total - Award
Class A Common Stock, par value $0.001
2024-03-07+23,211→ 3,481,591 total - Award
Performance Share Units
2024-03-07+50,710→ 50,710 total→ Class A Common Stock, par value $0.001 (50,710 underlying)
Holdings
- 925(indirect: By 401(k))
Class A Common Stock, par value $0.001
- 1,434(indirect: By Spouse)
Class A Common Stock, par value $0.001
Footnotes (6)
- [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]Includes 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.
- [F3]Includes 70,538 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended (the "Exchange Act") that were acquired by the Reporting Person under the Issuer's Dividend and Distribution Reinvestment Plan (the "DRIP") after the Reporting Person's last Form 4 filing.
- [F4]Includes an additional 27 shares of Class A Common Stock acquired by the Reporting Person since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.
- [F5]Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account. Includes an additional 31 shares acquired by the Reporting Person's spouse since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.
- [F6]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 0001579251
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 8:33 PM ET
- Size
- 12.1 KB