Justin S. Macken - Jun 27, 2024 Form 4 Insider Report for Equitrans Midstream Corp (ETRN)

Role
EVP Pipeline Ops
Signature
Lisa M. Lind, Attorney-in-Fact for Justin S. Macken
Stock symbol
ETRN
Transactions as of
Jun 27, 2024
Transactions value $
-$70,343
Form type
4
Date filed
7/1/2024, 04:48 PM
Previous filing
Feb 28, 2024
Next filing
Jul 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETRN Common Stock Award $0 +18.7K +15.77% $0.00 137K Jun 27, 2024 Direct F1
transaction ETRN Common Stock Tax liability -$70.3K -5.33K -3.88% $13.21 132K Jun 27, 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 ETRN Deferred Stock Units Award $0 +18.7K $0.00 18.7K Jun 27, 2024 Common Stock 18.7K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 27, 2024, tranche 1 of the performance awards under the Company's 2021 MVP Performance Share Unit Award Program (2021 MVP Program) vested and were paid in Company common stock.
F2 The Company, consistent with its practice, withheld shares to satisfy the tax liability associated with the vesting of the awards under the 2021 MVP Program.
F3 Each deferred stock unit is the economic equivalent of one share of common stock.
F4 Deferred stock units representing tranches 2 and 3 of performance awards under the 2021 MVP Program will vest and be paid out in the form of common stock in two equal installments on June 11, 2025 and June 11, 2026, respectively.