PETERS JERRY L 4
Research Summary
AI-generated summary
Summit Midstream (SMC) Director Jerry L. Peters Receives Award
What Happened
- Jerry L. Peters, a director of Summit Midstream Corp (SMC), was granted 3,733 shares on 2026-03-16. The Form 4 reports the shares as an award/acquisition at $0.00 per share (total reported acquisition cost $0). This is an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-16; Filing date: 2026-03-18 (filed within the typical two-business-day reporting window).
- Shares reported acquired: 3,733 at $0.00 per share (total $0 reported).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The reporting person is a trustee of the Joint Spousal Trust; he and his spouse are the sole beneficiaries of that trust (per footnote F1).
- Transaction type code: A (award/grant).
Context
- Awards/grants are commonly part of director compensation or long-term incentive plans and do not represent an open-market purchase; they do not by themselves indicate immediate buying or selling pressure. Because this filing reports an award rather than a market transaction, it reflects a compensation-related acquisition rather than an investment decision executed in the open market.