4//SEC Filing
Psencik Anne 4
Accession 0000950170-25-037299
CIK 0001692787other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:08 PM ET
Size
28.0 KB
Accession
0000950170-25-037299
Insider Transaction Report
Form 4
Psencik Anne
See Remarks
Transactions
- Award
Class A Common Stock, par value $0.001
2025-03-07+5,960→ 264,696 total - Award
Performance Share Units
2025-03-07+204→ 14,425 total→ Class A Common Stock, par value $0.001 (14,425 underlying) - Tax Payment
Class A Common Stock, par value $0.001
2025-03-10$51.19/sh−1,483$75,915→ 273,751 total - Award
Performance Share Units
2025-03-07+5,269→ 14,221 total→ Class A Common Stock, par value $0.001 (14,221 underlying) - Award
Class A Common Stock, par value $0.001
2025-03-07+10,538→ 275,234 total
Holdings
- 320(indirect: By 401(k))
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 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]Shares withheld by the Company to satisfy the Reporting Person's tax liability on the Reporting Person's annual incentive award.
- [F4]Includes an additional 320 shares of Class A Common Stock acquired by the Reporting Person's individual 401(k) account.
- [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, 2025, through December 31, 2027.
- [F6]Reflects 204 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Issuer's Amended and Restated 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 0001911570
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 5:08 PM ET
- Size
- 28.0 KB