Jewell Jeffrey A 4

What Happened Jeffrey A. Jewell, Executive Vice President and Chief Financial Officer of DT Midstream (DTM), was granted 35,628 shares as performance-based stock units on February 17, 2026 (awarded at $0). To satisfy tax withholding obligations, 15,919 of those shares were surrendered/withheld at an effective value of $132.65 per share, totaling $2,111,655. Net of withholding, Jewell received 19,709 shares.

Key Details

• Transaction dates: February 17, 2026 (reported on Form 4 filed February 19, 2026 — appears timely).
• Award: 35,628 shares (code A) granted at $0 (performance stock units certified by the Organization and Compensation Committee).
• Tax withholding: 15,919 shares disposed (code F) at $132.65/share for $2,111,655.
• Net shares retained from the award: 19,709 shares (35,628 granted − 15,919 withheld).
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: F1 confirms these were performance stock units earned and certified by the board committee.

Context This was a compensation-related award (PSUs) that vested based on performance and is not an open-market purchase or sale signaling personal investment intent. The withheld shares to cover taxes are routine and common when equity compensation vests; they do not necessarily indicate bullish or bearish sentiment.