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4//SEC Filing

Slater David 4

Accession 0001140361-26-003566

CIK 0001842022other

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 7:07 PM ET

Size

8.2 KB

Accession

0001140361-26-003566

Research Summary

AI-generated summary of this filing

Updated

DT Midstream (DTM) CEO David Slater Exercises RSUs, Surrenders 12,382 Shares

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.

Insider Transaction Report

Form 4
Period: 2026-02-01
Slater David
DirectorExec. Chair and CEO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-01+28,964.57203,378.57 total
  • Tax Payment

    Common Stock

    2026-02-01$126.02/sh12,382$1,560,380190,996.57 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3]
    2026-02-0125,6800 total
    Common Stock (25,680 underlying)
Footnotes (3)
  • [F1]Includes shares of the Issuer's common stock acquired under the Issuer's dividend reinvestment plan.
  • [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock with any fractional shares being paid in cash.
  • [F3]This restricted stock unit vested on February 1, 2026.
Signature
/s/ Andrew Hayner, Attorney-in-Fact|2026-02-03

Issuer

DT Midstream, Inc.

CIK 0001842022

Entity typeother

Related Parties

1
  • filerCIK 0001724472

Filing Metadata

Form type
4
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 7:07 PM ET
Size
8.2 KB