Matthew Wall - Mar 7, 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
EVP, Chief Operating Officer
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Mar 7, 2024
Transactions value $
-$113,290
Form type
4
Date filed
3/11/2024, 08:17 PM
Previous filing
Feb 13, 2024
Next filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock, par value $0.001 Award $0 +12.9K +2.56% $0.00 515K Mar 7, 2024 Direct F1
transaction KNTK Class A Common Stock, par value $0.001 Sale -$113K -3.19K -0.62% $35.57 511K Mar 11, 2024 Direct F2
transaction KNTK Class A Common Stock, par value $0.001 Award $0 +15.4K +2.96% $0.00 536K Mar 7, 2024 Direct F3, F4

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 KNTK Performance Share Units Award $0 +8.07K $0.00 8.07K Mar 7, 2024 Class A Common Stock, par value $0.001 8.07K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 Includes 9,078 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.
F5 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.

Remarks:

EVP, Chief Operating Officer