Finland Joseph Peter 4

What Happened
Joseph Peter Finland, Chief Accounting Officer of DT Midstream (DTM), reported conversion/exercise of equity awards on March 5, 2026. The Form 4 shows conversion/exercise of derivatives resulting in 1,033 shares acquired (price N/A) and 965 shares reported as converted/disposed at $0. To cover tax withholding, 412 shares were surrendered/withheld at $141.77 per share, totaling $58,409. These transactions reflect award settlement and tax withholding rather than an open-market purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely within two business days).
• Reported derivative/exercise entries: 1,033 shares acquired (price N/A) and 965 shares converted/disposed at $0.
• Tax withholding: 412 shares withheld/disposed at $141.77/share for $58,409 (code F).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: F2 notes each restricted stock unit (RSU) equals one share (fractional shares paid in cash). F3 states 965 RSUs vested on March 5, 2026 and 965 RSUs vest on March 5, 2027, subject to continued employment. F1 references shares acquired under the issuer’s dividend reinvestment plan.

Context

• These entries appear to reflect RSU/award settlements (vesting/conversion) and associated tax withholding, not an open-market sale or purchase. The $0 disposition entries are common when RSUs convert to shares or are transferred to satisfy obligations.
• Code M indicates exercise/conversion of a derivative; code F is the surrender of shares to cover tax obligations.
• For retail investors, award vesting and tax-withholding transactions are routine and do not necessarily signal a change in insider sentiment.