Richard C. Kreul - Mar 15, 2023 Form 4 Insider Report for CorEnergy Infrastructure Trust, Inc. (CORR)

Role: President - Mowood and MoGas
Signature: /s/Chris Reitz, Attorney-in-Fact for Richard C. Kreul
Stock symbol: CORR
Transactions as of: Mar 15, 2023
Transactions value $: -$4,742
Form type: 4
Date filed: 3/17/2023, 01:08 PM
Previous filing: May 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CORR	Common Stock	Options Exercise		+13.1K	+186.42%		20.1K	Mar 15, 2023	Direct	F1
transaction	CORR	Common Stock	Tax liability	-$4.74K	-3.89K	-19.3%	$1.22	16.3K	Mar 15, 2023	Direct

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	CORR	Restricted Stock Units	Options Exercise	$0	-13.1K	-33.33%	$0.00	26.2K	Mar 15, 2023	Common Stock	13.1K		Direct	F1, F2
holding	CORR	Class B Common Stock						155K	Mar 15, 2023	Common Stock	155K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) represents a contingent right to receive one share of CORR common stock.
F2	On March 15, 2023, 13,107 of Mr. Kreul's RSUs, granted on May 26, 2022, vested. On March 15, 2023, 3,887 of the 13,107 shares underlying these newly-vested RSUs were surrendered to satisfy the tax withholding obligations triggered upon the March 15th vesting. The surrender of shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of RSUs.
F3	The shares of Class B Common Stock will convert to Common Stock on a one-for-one basis no later than February 4, 2024 depending on certain dividend payments by the Company as described in the Articles Supplementary related to the Class B Common Stock filed with the SEC on February 10, 2021. The Class B Common Stock is entitled to one vote per share and votes with the Common Stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney