Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SMC | Common Stock | Award | +19.4K | 19.4K | Aug 1, 2024 | Direct | F1, F2, F3 |
Id | Content |
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F1 | On August 1, 2024 (the "Effective Time"), in connection with the corporate reorganization of Summit Midstream Partners, LP (the "Partnership"), the Partnership converted from a master limited partnership to a C corporation (the "Corporate Reorganization") through the merger between the Partnership and Summit SMC NewCo, LLC ("Merger Sub"), a wholly-owned subsidiary of Summit Midstream Corporation (the "Corporation"), wherein Merger Sub merged with and into the Partnership (the "Merger"), with the Partnership surviving the Merger as a wholly-owned subsidiary of the Corporation. |
F2 | Pursuant to Rule 12g-3(e), the Corporation is the successor issuer to the Partnership for purposes of Section 16. |
F3 | Pursuant to the Merger, immediately prior to the Effective Time, all outstanding common units representing limited partner interests in the Partnership have been converted into the right to receive shares of Common Stock, par value $0.01 per share, of the Corporation. |