William Ordemann - May 20, 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Director
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
May 20, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 06:00 PM
Previous filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock Award $0 +3.49K +828.5% $0.00 3.91K May 20, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earliest to occur of a Change of Control (as defined in the Plan), the reporting person's termination from service with Kinetik Holdings Inc. (the "Company"), or January 1, 2027
F2 While the RSUs remain outstanding, the reporting person will be entitled to receive an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock except that such amount will (a) be subject to the terms and conditions of the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"), and (b) be immediately vested in full and paid to the reporting person in accordance with the DRIP at the time elected by the reporting person pursuant to the reporting person's election under the Plan, as described in Note 1 above.
F3 Amount reported includes 8 additional RSUs acquired by the reporting person since the date of the reporting person's last Form 4 in connection with the reinvestment of dividends described herein.