Zona Christopher 4

What Happened

• Zona Christopher, President and Chief Operating Officer of DT Midstream (DTM), had restricted stock units (RSUs) convert into common shares on February 1, 2026. The filing reports 7,871.64 shares acquired upon conversion. To cover tax withholding, 2,808 of those shares were surrendered at $126.02 per share for a total value of $353,864. The Form 4 also records an additional derivative conversion/disposition of 6,979 shares reported at $0 per share.

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (appears timely for a Feb. 1 transaction).
• Primary actions: RSU conversion (transaction code M) resulting in 7,871.64 shares acquired; tax withholding (transaction code F) of 2,808 shares at $126.02 each ($353,864); an additional derivative conversion/disposition of 6,979 shares reported at $0.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F2: Each RSU represents the right to receive one share (fractional amounts paid in cash).
  • F3: The restricted stock unit vested on February 1, 2026.
  • F1 (general): the issuer has a dividend reinvestment plan (noted in the filing footnotes).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (shares withheld for taxes).

Context

• This was not an open-market buy or sale; it was the vesting/conversion of awards into shares with shares withheld to satisfy tax obligations — a routine insider reporting event rather than a directional market trade. The $0/per-share reporting for the 6,979-share line reflects how that particular conversion/disposition was reported on the Form 4 and does not necessarily indicate a market sale.