Filing Details
- Accession Number:
- 0000950170-24-029579
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-11 20:31:36
- Reporting Period:
- 2024-03-07
- Accepted Time:
- 2024-03-11 20:31:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1692787 | Kinetik Holdings Inc. | KNTK | Natural Gas Transmission (4922) | 814675947 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1911570 | Anne Psencik | 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 | 250,310 | No | 4 | A | Direct | |
| Class A Common Stock, Par Value $0.001 | Disposition | 2024-03-11 | 3,182 | $35.57 | 247,128 | No | 4 | S | Direct | |
| Class A Common Stock, Par Value $0.001 | Acquisiton | 2024-03-07 | 15,407 | $0.00 | 266,447 | 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 | 8,067 | $0.00 | 8,067 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,067 | No | 4 | A | Direct |
Footnotes
- 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.
- 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.
- 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.
- Includes 3,912 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 (the "DRIP") after the Reporting Person's immediately prior Form 5 filing.
- 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.
Billionaire Hedge Funds
