Thomas F. Karam - Jun 27, 2024 Form 4 Insider Report for Equitrans Midstream Corp (ETRN)

Role
Executive Chairman, Director
Signature
/s/ Lisa M. Lind, Attorney-in-Fact for Thomas F. Karam
Stock symbol
ETRN
Transactions as of
Jun 27, 2024
Transactions value $
-$978,755
Form type
4
Date filed
7/1/2024, 04:52 PM
Previous filing
May 24, 2024
Next filing
Jul 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETRN Common Stock Award $0 +190K +22.94% $0.00 1.02M Jun 27, 2024 Direct F1
transaction ETRN Common Stock Tax liability -$979K -74.1K -7.29% $13.21 942K Jun 27, 2024 Direct F2
holding ETRN Common Stock 25K Jun 27, 2024 By Lakeside Drive Associates, Inc.
holding ETRN Common Stock 20K Jun 27, 2024 By Mae Rose Partners, LP

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 +190K +3879.5% $0.00 195K Jun 27, 2024 Common Stock 190K 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.