Stellato Steven 4
Research Summary
AI-generated summary
Kinetik (KNTK) EVP Steven Stellato Sells 2,907 Shares
What Happened
Steven Stellato, EVP, Chief Accounting Officer and Administrative Officer of Kinetik Holdings Inc., reported a sale of 2,907 shares on 2026-03-04 at $46.92 per share, yielding $136,396. The Form 4 lists the transaction as a sale (S) and the filing notes the shares were sold to cover tax withholding tied to vested shares issued in lieu of the 2025 annual incentive cash award.
Key Details
- Transaction date and price: 2026-03-04, 2,907 shares sold at $46.92 each (total $136,396).
- Reported reason (footnote F1): Sale made to satisfy tax withholding obligations related to vested shares issued instead of a cash incentive for fiscal 2025.
- Transaction type/code: Sale (S); reported as open market or private sale.
- Filing date and timeliness: Form 4 filed 2026-03-06 (timely filing under Form 4 rules).
- Shares owned after transaction: Not specified in the provided filing details.
Context
This was a routine, administrative sale to cover tax withholding on an equity award, not an outright discretionary divestiture for liquidity or diversification. Such tax-related sales are common following vesting and generally carry less informational weight about the insider’s view of company prospects than voluntary open-market purchases.