Jewell Jeffrey A 4

What Happened
Jeffrey A. Jewell, EVP and Chief Financial Officer of DT Midstream, had restricted stock units vest on February 1, 2026 that converted into 7,634.78 shares. To cover tax withholding, 2,326 shares were transferred/sold at $126.02 per share for proceeds of $293,123. The filing also reports conversion/settlement of 6,769 derivative units with no cash proceeds reported.

Key Details

• Transaction date(s): February 1, 2026; Form 4 filed February 3, 2026 (appears timely).
• Main entries reported:
  • Conversion/award: 7,634.78 shares acquired (derivative conversion/vesting).
  • Tax withholding/sale: 2,326 shares disposed at $126.02, total $293,123 (code F).
  • Conversion/settlement: 6,769 derivative units reported disposed with $0 proceeds (code M, reported as $0).
• Shares owned after transaction: Not specified in the filing summary provided.
• Footnotes from the filing:
  • F1: Includes shares acquired under the issuer's dividend reinvestment plan.
  • F2: Each restricted stock unit (RSU) represents the right to one share; fractional shares paid in cash.
  • F3: The restricted stock unit vested on February 1, 2026.
• No 10b5-1 plan, gift designation, or late-filing flag noted in the provided data.

Context
This was largely an award/vesting event plus routine tax-withholding (a common administrative sale when RSUs vest). It is not a market purchase and does not by itself signal a buying conviction; purchases are generally more informative for bullish insider sentiment. The separate line showing derivative conversion with $0 proceeds likely reflects internal net-settlement or administrative accounting tied to the vesting.