Earnings Feed
Start Free
Kinetik Holdings Inc.·4

May 20, 5:05 PM ET

LELAND D MARK 4

Research Summary

AI-generated summary

Updated

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.