David P. Michels - Jul 31, 2023 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Role: VP and Chief Financial Officer
Signature: /s/ David P. Michels
Stock symbol: KMI
Transactions as of: Jul 31, 2023
Transactions value $: -$348,515
Form type: 4
Date filed: 8/2/2023, 12:16 PM
Previous filing: Jul 20, 2023
Next filing: Dec 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KMI	Class P Common Stock	Options Exercise	$0	+53K	+61.89%	$0.00	139K	Jul 31, 2023	Direct	F1
transaction	KMI	Class P Common Stock	Tax liability	-$349K	-19.7K	-14.19%	$17.71	119K	Jul 31, 2023	Direct	F2, F3

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	KMI	Restricted Stock Unit	Options Exercise	$0	-53K	-100%	$0.00^*	0	Jul 31, 2023	Class P Common Stock	53K		Direct	F1, F4, F5

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

Explanation of Responses:

Id	Content
F1	This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
F2	Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
F3	Closing price of Class P Common Stock on the date of vesting.
F4	Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
F5	These restricted stock units vested on July 31, 2023.