4//SEC Filing
Stratton Marc David 4
Accession 0001209191-21-017601
CIK 0001549922other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 8:12 AM ET
Size
11.1 KB
Accession
0001209191-21-017601
Insider Transaction Report
Form 4
Stratton Marc David
See remarks below.
Transactions
- Award
Phantom Units
2021-02-17+25,083→ 25,083 total→ Common Units (25,083 underlying)
Footnotes (4)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]One-third of the phantom units (rounded down to the nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first, second and third anniversaries of the Reference Date (March 15, 2021), subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive Distribution Equivalent Rights ("DERs") for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
- [F3]The phantom units and associated DERs do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
- [F4]Total excludes phantom units from other tranches with different vesting and expiration dates.
Issuer
Summit Midstream Partners, LP
CIK 0001549922
Entity typeother
Related Parties
1- filerCIK 0001761288
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 8:12 AM ET
- Size
- 11.1 KB