Michels David Patrick 4
4 · KINDER MORGAN, INC. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Kinder Morgan (KMI) CFO David P. Michels Sells 20,000 Shares
What Happened
David P. Michels, Chief Financial Officer of Kinder Morgan, sold 20,000 shares of KMI on January 22, 2026 at $30.00 per share, generating $600,000 in proceeds. This was a sale (not a purchase) and therefore typically viewed as routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date and price: 2026-01-22 — 20,000 shares sold at $30.00 each.
- Total value: $600,000.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Report filed 2026-01-26; this meets the Form 4 two-business-day filing requirement for the 2026-01-22 trade.
- Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Michels on February 19, 2025 that expires January 31, 2026 (pre-scheduled plan).
Context
The sale was executed under a 10b5-1 plan, which allows insiders to sell shares according to a preset schedule and is commonly used to avoid concerns about trading on nonpublic information. That structure typically makes such sales more routine; it does not, by itself, indicate the insider’s view on the company’s prospects.
Insider Transaction Report
Form 4
Michels David Patrick
VP and Chief Financial Officer
Transactions
- Sale
Class P Common Stock
[F1]2026-01-22$30.00/sh−20,000$600,000→ 139,428 total
Footnotes (1)
- [F1]Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 19, 2025 and expires January 31, 2026. The plan is in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
Signature
/s/ David P. Michels|2026-01-26