Jacobe James Lee 4

What Happened Jacobe James Lee, a director of Summit Midstream Corp (SMC), received an award/acquisition of 3,733 shares on 2026-03-16. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant), so the filing lists the reported acquisition value as $0. This is an equity grant to an insider rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 3,733; reported price per share: $0.00; reported acquisition value: $0.
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• No footnotes in the excerpt indicating a 10b5-1 plan, tax withholding, cashless exercise, or other special conditions.

Context An award/grant (reported at $0) typically reflects restricted stock, performance shares, or another form of compensation; it increases the insider’s equity stake but does not indicate a market purchase. For retail investors, grants are common as compensation and are factual disclosures of insider ownership changes rather than direct buy/sell signals.