Sicinski Matthew B. 4
4 · Summit Midstream Corp · Filed Jan 22, 2025
Insider Transaction Report
Form 4
Sicinski Matthew B.
Senior VP and CAO
Transactions
- Tax Payment
Common Stock
2025-01-18$41.57/sh−1,066$44,314→ 23,185 total - Exercise/Conversion
Corporation Restricted Stock Units
2025-01-18−3,593→ 31,345 total→ Common Stock (3,593 underlying) - Exercise/Conversion
Common Stock
2025-01-18+3,593→ 24,251 total
Footnotes (5)
- [F1]Each corporation restricted stock unit is the economic equivalent of one common stock.
- [F2]Common stocks being withheld to pay tax liability.
- [F3]One-third of the corporation restricted stock units subject to the original award agreement vested on January 18, 2025, with the remaining corporation restricted stock units subject to vesting on the second and third anniversaries of the January 18, 2024 reference date, subject to continued employment. The Reporting Person received distribution equivalent rights ("DERs") for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units.
- [F4]The corporation restricted stock units and associated DERs do not expire. The corporation restricted stock units are settled upon vesting in common stocks (on a one-for-one basis) or in cash, at the discretion of the Issuer.
- [F5]This total includes corporation restricted stock units from other tranches with different vesting dates.