4//SEC Filing
Welch Jamie 4
Accession 0000950170-25-037273
CIK 0001692787other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:00 PM ET
Size
26.3 KB
Accession
0000950170-25-037273
Insider Transaction Report
Form 4
Welch Jamie
DirectorSee Remarks
Transactions
- Award
Class A Common Stock, par value $0.001
2025-03-07+13,489→ 3,630,024 total - Award
Performance Share Units
2025-03-07+38,802→ 95,075 total→ Class A Common Stock, par value $0.001 (95,075 underlying) - Award
Class A Common Stock, par value $0.001
2025-03-07+25,868→ 3,655,892 total - Award
Performance Share Units
2025-03-07+1,281→ 96,356 total→ Class A Common Stock, par value $0.001 (96,356 underlying)
Holdings
- 1,599(indirect: By 401(k))
Class A Common Stock, par value $0.001
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 Holdings 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 2024 fiscal year.
- [F2]Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2028, 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 an additional 60 shares of Class A Common Stock acquired by the Reporting Person's individual 401(k) account.
- [F4]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, 2025, through December 31, 2027.
- [F5]Includes an award of 1,281 dividend equivalent shares accrued on Performance Share Units ("PSUs") granted to the Reporting Person under the Issuer's Plan and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs, resulting from dividend equivalents.
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, 5:00 PM ET
- Size
- 26.3 KB