Baker Stephen W 4

What Happened

• Stephen W. Baker, a director of DT Midstream, received a grant of 1,093 restricted stock units (RSUs) on May 5, 2026. The award is reported as a derivative acquisition at $0.00 per unit (grant), meaning this was compensation rather than an open‑market purchase. The RSUs convert to one share of common stock each when they vest; the grant itself had no cash purchase price.

Key Details

• Transaction date: May 5, 2026; Form 4 filed: May 7, 2026 (timely filing).
• Amount: 1,093 RSUs granted at $0.00 (reported as an award/derivative).
• Vesting: These RSUs vest on May 5, 2027, subject to Baker’s continued service through that date (footnote: fractional shares paid in cash).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — each RSU represents a contingent right to one share (fractions paid in cash). F2 — vesting on May 5, 2027, contingent on continued service.
• Filing timeliness: The report was filed within the standard Form 4 reporting window (transaction 5/5/2026; filing 5/7/2026).

Context

• This is a standard equity compensation award to a director and should be viewed as routine compensation, not an open‑market investment or sale. RSU grants give the recipient a future right to shares (or cash for fractions) if service and vesting conditions are met; they do not represent immediate share purchases or sales.