Archon Angela N 4

What Happened Angela Archon, a director of DT Midstream, had restricted stock units (RSUs) convert into common shares on May 6, 2026. The Form 4 shows 1,178 shares were acquired on conversion (reported as an exercise/conversion of a derivative) and 1,145 shares were simultaneously disposed of at $0.00, which is consistent with shares being surrendered to satisfy tax withholding. On May 5, 2026 she was also granted 1,093 RSUs (reported at $0.00) that, per the filing, vest on May 5, 2027.

Key Details

• Transactions reported: May 5, 2026 (grant of 1,093 RSUs at $0.00); May 6, 2026 (conversion: +1,178 shares; disposition: -1,145 shares at $0.00).
• Net change from the May 6 activity: +33 shares (1,178 acquired minus 1,145 surrendered).
• Footnotes: F2 — each RSU equals one share (fractionals paid in cash); F3 — the 1,093 RSU grant vests May 5, 2027; F4 — the RSU that converted on May 6 vested on that date; F1 notes some balances may include shares from the company’s dividend reinvestment plan.
• Filing timing: Form 4 was filed May 7, 2026 for transactions on May 5–6, appearing to be timely (file due within two business days).

Context This was RSU vesting/conversion rather than an open-market buy or discretionary sale. The simultaneous disposal of nearly all converted shares is typical of tax-withholding or share-surrender to cover tax obligations on vested equity; it does not necessarily indicate a discretionary sale of shares for investment reasons. The May 5, 2026 grant is a separate award that vests in 2027. Shares owned after the transactions were not specified in the provided extract.