Filing Details

Accession Number:
0000950170-24-029568
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-11 20:22:20
Reporting Period:
2024-03-07
Accepted Time:
2024-03-11 20:22:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1692787 Kinetik Holdings Inc. KNTK () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1644123 Steven Stellato 2700 Post Oak Blvd., Suite 300
Houston TX 77056
See Remarks No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.001 Acquisiton 2024-03-07 12,855 $0.00 332,044 No 4 A Direct
Class A Common Stock, Par Value $0.001 Disposition 2024-03-11 3,179 $35.57 328,865 No 4 S Direct
Class A Common Stock, Par Value $0.001 Acquisiton 2024-03-07 16,141 $0.00 350,160 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 A Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, Par Value $0.001 Performance Share Units Acquisiton 2024-03-07 8,452 $0.00 8,452 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,452 No 4 A Direct
Footnotes
  1. Represents an award of fully vested shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock") of Kinetik Holding Inc. (the "Issuer") granted to the Reporting Person in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.
  2. Represents shares of Class A Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the award of vested shares in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.
  3. Represents an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2027, subject to the Reporting Person's continued employment through such date, and may be settled only for shares of Class A Common Stock on a one-for-one basis.
  4. Includes 5,154 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing.
  5. Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued employment and the Issuer's annualized total shareholder return over the period from January 1, 2024, through December 31, 2026.