LELAND D MARK 4
4 · Kinetik Holdings Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Kinetik (KNTK) Director Leland D. Mark Receives 3,102 RSUs
What Happened
Leland D. Mark, a director of Kinetik Holdings Inc. (KNTK), was reported to have received an award of 3,102 restricted stock units (RSUs) on 2026-05-19. The filing shows an acquisition price of $0.00 (award/grant). These RSUs are fully vested but, per the award terms, settlement into common shares has been deferred.
Key Details
- Transaction date and type: 2026-05-19 — Award/Grant (code A) of 3,102 RSUs at $0.00.
- Filing date / timeliness: Form 4 filed 2026-05-20 (filed the day after the reported transaction).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- The RSUs are fully vested but will only be settled into shares upon the earlier of the director’s service termination or a change in control of the company.
- Dividends that would have been paid on the underlying shares are being reinvested into additional RSUs (per the DRIP); those additional RSUs vest immediately and are settled on the same deferred schedule.
- The reported 3,102 RSUs include about 638 additional RSUs acquired via dividend reinvestment since the last Form 5.
- No sale, purchase for cash, 10b5-1 plan, or tax-withholding disposition is noted in the filing.
Context
RSU awards are compensation, not open-market purchases or sales. Because these RSUs are deferred and convert one-for-one into common stock only upon termination or a change in control, they do not represent immediate liquidity or share ownership for trading purposes. Dividend reinvestment increases the RSU count but follows the same deferred settlement schedule.
Insider Transaction Report
- Award
Class A Common Stock, par value $0.001
[F1][F2][F3]2026-05-19+3,102→ 30,478 total
Footnotes (3)
- [F1]Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company or (b) a change in control (as defined in the Plan).
- [F2]While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and, pursuant to the Reporting Person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note 1 above.
- [F3]Amount reported includes approximately 638 additional RSUs acquired by the Reporting Person since the date of the Reporting Person's last Form 5 in connection with the reinvestment of dividends described herein.