Steven Stellato - Dec 16, 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
EVP, Chief Accounting Officer, and Chief Administrative Officer
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Dec 16, 2024
Transactions value $
$161,785
Form type
4
Date filed
12/18/2024, 07:58 PM
Previous filing
Mar 11, 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 +7.29K +2.08% $0.00 357K Dec 16, 2024 Direct F1
transaction KNTK Class A Common Stock, par value $0.001 Tax liability $162K +2.87K +0.82% $56.43 355K Dec 17, 2024 Direct F2

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 +927 +10.97% $0.00 9.38K Dec 16, 2024 Class A Common Stock, par value $0.001 9.38K Direct F3
* 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 2024 fiscal year.
F2 Shares withheld by the Company to satisfy the Reporting Person's tax liability on the Reporting Person's annual incentive award.
F3 Reflects 927 dividend equivalent shares accrued on Performance Share Units ("PSUs") granted to the Reporting Person under the Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs, resulting from dividend equivalents.

Remarks:

EVP, Chief Accounting Officer, and Chief Administrative Officer