Jeffrey A. Jewell - Jul 1, 2021 Form 4 Insider Report for DT Midstream, Inc. (DTM)

Role
Executive V.P., CFO
Signature
/s/ Wendy Ellis, Attorney-in-Fact
Stock symbol
DTM
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
8/3/2021, 05:01 PM
Previous filing
Jun 4, 2021
Next filing
Feb 10, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DTM Restricted Stock Units Award $0 +2.64K $0.00 2.64K Jul 1, 2021 Common Stock 2.64K Direct F1, F2, F3
transaction DTM Restricted Stock Units Award $0 +2.31K $0.00 2.31K Jul 1, 2021 Common Stock 2.31K Direct F1, F2, F4
transaction DTM Restricted Stock Units Award $0 +29.7K $0.00 29.7K Jul 1, 2021 Common Stock 29.7K Direct F1, F2, F5
transaction DTM Restricted Stock Units Award $0 +2.64K $0.00 2.64K Jul 1, 2021 Common Stock 2.64K Direct F1, F2, F6
transaction DTM Restricted Stock Units Award $0 +48.3K $0.00 48.3K Aug 2, 2021 Common Stock 48.3K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Employee Matters Agreement dated as of June 25, 2021 between DTE Energy Company and the Issuer, the Reporting Person received restricted stock units of the Issuer to replace restricted stock and restricted stock units held by the Reporting Person immediately before the legal and structural separation of the Issuer from DTE Energy Company (the "Spin-off") that were granted to the Reporting Person pursuant to an equity plan of DTE Energy Company and were forfeited in connection with the Spin-off.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock with any fractional shares being paid in cash.
F3 This restricted stock unit will vest on January 30, 2022, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F4 This restricted stock unit will vest on January 29, 2023, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F5 This restricted stock unit will vest as to 55.56% of the shares subject to the restricted stock unit on May 4, 2023 and 44.44% of the shares subject to the restricted stock unit on May 4, 2026.
F6 This restricted stock unit will vest on January 27, 2024, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F7 This restricted stock unit will vest 25% on August 2, 2023, 25% on August 2, 2024 and 50% on August 2, 2025, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.