James J. Cleary - Aug 1, 2024 Form 4 Insider Report for Summit Midstream Corp (SMC)

Role
Director
Signature
/s/ James D. Johnston, Attorney-in-Fact for James J. Cleary
Stock symbol
SMC
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
4
Date filed
8/2/2024, 09:45 PM
Previous filing
Jan 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMC Common Stock Award +30.2K 30.2K Aug 1, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.