Lindsay Ellis - 26 Feb 2025 Form 3 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Officer
Signature
By: /s/ Lindsay Ellis, Attorney-in-Fact
Issuer symbol
KNTK
Transactions as of
26 Feb 2025
Net transactions value
$0
Form type
3
Filing time
06 Mar 2025, 17:00:04 UTC
Previous filing
03 Jan 2022
Next filing
11 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KNTK Class A Common Stock 18,568 26 Feb 2025 Direct F1

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
holding KNTK Performance Share Units 26 Feb 2025 Class A Common Stock, par value $0.001 1,047 $0.000000 Direct F2
holding KNTK Performance Share Units 26 Feb 2025 Class A Common Stock, par value $0.001 141 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount reported includes 9,161 restricted stock units that will vest on January 1, 2026 and may be settled only for shares of Class A Common Stock, par value $0.001 ("Class A Common Stock") of Kinetik Holdings Inc. ("the Issuer") on a one-for-one basis.
F2 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 Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan"), 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.
F3 Includes an award of 141 dividend equivalent shares accrued on PSU's granted to the Reporting Person under the Issuer's Plan and the Issuer's Dividend and Distribution Reinvestment Plan. 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:

General Counsel, Chief Compliance Officer, and Corporate Secretary Exhibit List: Exhibit 24- Power of Attorney