Thomas A. Martin - Nov 6, 2024 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Role
President
Signature
/s/ Thomas A. Martin
Stock symbol
KMI
Transactions as of
Nov 6, 2024
Transactions value $
-$502,530
Form type
4
Date filed
11/7/2024, 05:46 PM
Previous filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMI Class P Common Stock Sale -$503K -19.1K -2.09% $26.28 898K Nov 6, 2024 Direct F1, F2
holding KMI Class P Common Stock 278K Nov 6, 2024 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on August 2, 2024 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.46 to $26.58 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Shares are held by a trust for the benefit of family members of Mr. Martin with respect to which Mr. Martin shares voting and disposition power. Mr. Martin disclaims any beneficial ownership of these shares.