Richard C. Kreul - 15 Mar 2023 Form 4 Insider Report for CorEnergy Infrastructure Trust, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
17 Mar 2023, 13:08:12 UTC
Prior SEC filing
31 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Chris Reitz, Attorney-in-Fact for Richard C. Kreul

Key filing fact

Richard C. Kreul filed Form 4 for CorEnergy Infrastructure Trust, Inc. on 17 Mar 2023.

Key facts

  • This page summarizes Richard C. Kreul's Form 4 filing for CorEnergy Infrastructure Trust, Inc..
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 17 Mar 2023, 13:08.

Change

  • Previous filing in this sequence was filed on 31 May 2022.
  • Current net transaction value: -$4,742.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CORR transaction

Common Stock

Options Exercise

Transaction value
Shares
+13,107
Change %
+186%
Price
Shares after
20,138
Date
15 Mar 2023
Ownership
Direct
Footnotes
F1
CORR transaction

Common Stock

Tax liability

Transaction value
$4,742
Shares
-3,887
Change %
-19%
Price
$1.22
Shares after
16,251
Date
15 Mar 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CORR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-13,107
Change %
-33%
Price
$0.000000
Shares after
26,215
Date
15 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
13,107
Exercise price
Footnotes
F1, F2
CORR holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
155,086
Date
15 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
155,086
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit (RSU) represents a contingent right to receive one share of CORR common stock.

Footnote F2

On March 15, 2023, 13,107 of Mr. Kreul's RSUs, granted on May 26, 2022, vested. On March 15, 2023, 3,887 of the 13,107 shares underlying these newly-vested RSUs were surrendered to satisfy the tax withholding obligations triggered upon the March 15th vesting. The surrender of shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of RSUs.

Footnote F3

The shares of Class B Common Stock will convert to Common Stock on a one-for-one basis no later than February 4, 2024 depending on certain dividend payments by the Company as described in the Articles Supplementary related to the Class B Common Stock filed with the SEC on February 10, 2021. The Class B Common Stock is entitled to one vote per share and votes with the Common Stock.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney

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