Harris Craig 4

What Happened

• Craig Harris, a director of Kinetik Holdings Inc. (KNTK), was granted/acquired 1,755 restricted stock units (RSUs) on 2026-06-24. The Form 4 reports an acquisition price of $0 (transaction code A) and $0 total reported value because these are RSU awards rather than a cash purchase.
• These RSUs are fully vested but, per the reporting person’s election, settlement is deferred and will be converted one-for-one into common shares only upon the earlier of the director’s termination of service or a change-in-control of the company.

Key Details

• Transaction date: 2026-06-24; Form 4 filed 2026-06-25 (timely filing).
• Transaction type/code: A — Award/Grant of RSUs; acquisition price reported $0.
• Number of RSUs granted: 1,755.
• Shares owned following the transaction: not specified in the filing.
• Footnote F1: RSUs are fully vested but settlement is deferred until termination of service or a change-in-control; conversion is one-for-one into common stock.
• Footnote F2: Dividend equivalents will be reinvested into additional RSUs (vest immediately) and those additional RSUs will be settled at the same deferred time as the original award.
• No 10b5-1 plan, tax-withholding sale, or immediate open-market sale reported.

Context

• RSUs represent a future right to receive shares and are common compensation for executives/directors; they are not an immediate cash purchase or sale. Because settlement is deferred, these units do not currently increase the director’s freely tradable share count until the triggering event occurs.
• The economic value realized will depend on Kinetik’s share price at the time of settlement; the Form 4 reports $0 acquisition price because RSUs are issued as awards rather than bought.