Schlosser John W 4

What Happened

• John W. Schlosser, Vice President (President, Terminals) of Kinder Morgan, sold 6,166 KMI shares in an open-market transaction on July 6, 2026. The weighted-average sale price was $31.90 per share, for total proceeds of approximately $196,720. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-07-06.
• Transaction type/code: Sale (S) — open market/private sale.
• Price: Weighted average $31.90; individual sale prices ranged from $31.7301 to $32.14 per share (report notes full breakdown available on request).
• Total value: ~$196,720.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Notable footnotes: Sale executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2025 (pre-arranged plan). Weighted-average price disclosure provided; reporting person will supply per-price details upon request.
• Filing timeliness: Reported with report date 2026-07-06; no late filing indicated.

Context

• The sale was made under a 10b5-1 plan, which is a pre-arranged trading program that allows insiders to sell shares on a scheduled basis and is commonly used for planned diversification or liquidity. Such planned sales are generally treated differently from ad hoc insider trades, and the existence of a 10b5-1 plan can limit inference about the insider’s current view of the company.