SKAGGS ROBERT C JR 4
Research Summary
AI-generated summary
DT Midstream (DTM) Director Robert C. Skaggs Jr Receives RSU Award
What happened
- Robert C. Skaggs Jr., a director of DT Midstream, received a grant of 1,093 restricted stock units (RSUs) on May 5, 2026. The award is recorded at $0.00 (derivative grant), meaning it was a compensatory award rather than a purchase or sale. The RSUs represent a contingent right to receive one share of common stock each upon vesting.
Key details
- Transaction date: May 5, 2026; Filing date: May 7, 2026 (filed within the typical 2-business-day Form 4 window).
- Grant: 1,093 RSUs; price reported: $0.00 (award/derivative).
- Vesting: These RSUs vest on May 5, 2027, subject to continued service (see footnote).
- Footnotes: F1 — each RSU converts to one share (fractional shares paid in cash). F2 — vesting conditioned on continued service through May 5, 2027.
- Shares owned after transaction: Not specified in the provided filing details.
Context
- This was an award/grant (compensation) for a director, not an open-market purchase or sale. Such RSU grants are common as part of director compensation and do not by themselves indicate buying or selling sentiment. Upon vesting, each unit will convert into one share (or cash for fractions), creating future economic exposure if Skaggs remains in service through the vesting date.