Slater David 4

What Happened

• David Slater, Executive Chair and CEO (also a director) of DT Midstream (DTM), had restricted stock units/derivatives convert on Feb 1, 2026. Two conversion entries totaled 54,644.57 shares (28,964.57 + 25,680). To satisfy tax withholding, 12,382 shares were surrendered/disposed at $126.02 per share, generating $1,560,380. One conversion entry shows a $0 exercise price, indicating no cash was paid for that conversion.

Key Details

• Transaction date: February 1, 2026.
• Conversions (code M): 28,964.57 shares acquired; 25,680 shares converted (recorded with $0 exercise price).
• Tax withholding (code F): 12,382 shares disposed at $126.02 each for $1,560,380 to cover tax liability.
• Footnotes: RSUs convert 1-for-1 to common stock (fractional shares paid in cash); the restricted stock unit vested on Feb 1, 2026; includes shares from the issuer's dividend reinvestment plan.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timing: Report filed Feb 3, 2026 for transactions on Feb 1, 2026 (appears to be timely).

Context

• This appears to be a routine vesting/conversion of restricted stock units or similar derivatives with standard tax withholding (surrender of shares) rather than an open-market sale or purchase. Conversions/exercises followed by share withholding to cover taxes are common and do not necessarily signal a view on the company's near-term prospects.