Kinder Morgan (KMI) President Dax Sanders Receives Award

What Happened
Dax Sanders, President of Kinder Morgan, was granted 98,827 restricted stock units (RSUs) on 2026-07-21. The award is recorded at $0.00 per unit (no cash exchanged); these are derivative awards that give the right to receive one share of Class P Common Stock per RSU at settlement. This was an equity compensation award (not a purchase or sale).

Key Details

• Transaction date: July 21, 2026; filing date: July 23, 2026 (filed within the 2-business-day Form 4 window).
• Grant: 98,827 RSUs @ $0.00 (derivative award). Reported total value: $0 in cash consideration.
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: F1 — each RSU converts to one share of Class P Common Stock at settlement. F2 — RSUs vest on July 31, 2029, subject to achievement of certain performance goals.
• No indication of a 10b5-1 plan, tax withholding sale, or other sale/ purchase related codes in this transaction.

Context
RSU grants are a common form of executive compensation to align long-term incentives; they do not involve an immediate cash purchase or sale of shares. Because vesting is deferred until July 31, 2029 and contingent on performance, these units may not convert to tradable shares unless performance goals are met. Awards are routine corporate compensation and should be interpreted differently than open-market purchases or sales.