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

Role
Chief Executive Officer and President, Director
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Mar 7, 2024
Transactions value $
$0
Form type
4
Date filed
3/11/2024, 08:33 PM
Previous filing
Dec 15, 2023
Next filing
Mar 18, 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 +23.2K +0.67% $0.00 3.48M Mar 7, 2024 Direct F1
transaction KNTK Class A Common Stock, par value $0.001 Award $0 +32.3K +0.91% $0.00 3.58M Mar 7, 2024 Direct F2, F3
holding KNTK Class A Common Stock, par value $0.001 925 Mar 7, 2024 By 401(k) plan F4
holding KNTK Class A Common Stock, par value $0.001 1.43K Mar 7, 2024 By spouse F5

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 +50.7K $0.00 50.7K Mar 7, 2024 Class A Common Stock, par value $0.001 50.7K Direct F6
* 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 Includes 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.
F3 Includes 70,538 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended (the "Exchange Act") that were acquired by the Reporting Person under the Issuer's Dividend and Distribution Reinvestment Plan (the "DRIP") after the Reporting Person's last Form 4 filing.
F4 Includes an additional 27 shares of Class A Common Stock acquired by the Reporting Person since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.
F5 Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account. Includes an additional 31 shares acquired by the Reporting Person's spouse since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.
F6 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:

Chief Executive Officer and President