Key facts
- This page summarizes Marc D. Stratton's Form 4 filing for Summit Midstream Partners, LP.
- 9 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 08 Mar 2022, 15:48.
Marc D. Stratton - 04 Mar 2022 Form 4 Insider Report for Summit Midstream Partners, LP
- Reporting relationship
- Officer
- Issuer ticker
- N/A
- Reported as of
- 04 Mar 2022
- Net transaction value
- -$317,053
- Reporting owner signature
- /s/ James D. Johnston, Attorney-in-Fact for Marc D. Stratton
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Marc D. Stratton filed Form 4 for Summit Midstream Partners, LP on 08 Mar 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$317,053.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SMLP
transaction
Common Units
Options Exercise
- Transaction value
- Shares
- +46,659
- Change %
- Price
- Shares after
- 46,659
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F2
SMLP
transaction
Common Units
Tax liability
- Transaction value
- $6,139
- Shares
- -394
- Change %
- -0.84%
- Price
- $15.58
- Shares after
- 46,265
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F3
SMLP
transaction
Common Units
Tax liability
- Transaction value
- $15,642
- Shares
- -1,004
- Change %
- -2.2%
- Price
- $15.58
- Shares after
- 45,261
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F3
SMLP
transaction
Common Units
Tax liability
- Transaction value
- $119,016
- Shares
- -7,639
- Change %
- -17%
- Price
- $15.58
- Shares after
- 37,622
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F3
SMLP
transaction
Common Units
Tax liability
- Transaction value
- $176,257
- Shares
- -11,313
- Change %
- -30%
- Price
- $15.58
- Shares after
- 26,309
- Date
- 04 Mar 2022
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SMLP
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -1,306
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 1,306
- Exercise price
- Footnotes
- F1, F2, F4, F5, F6
SMLP
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,333
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 3,333
- Exercise price
- Footnotes
- F1, F2, F5, F6, F7
SMLP
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -16,937
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 16,937
- Exercise price
- Footnotes
- F1, F2, F5, F6, F8
SMLP
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -25,083
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 25,083
- Exercise price
- Footnotes
- F1, F5, F6, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Marc D. Stratton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 9 footnotes
Footnote F1
Each phantom unit is the economic equivalent of one common unit.
Footnote F2
On November 9, 2020, the Issuer effected a 1-for-15 reverse unit split (the "Reverse Unit Split"). Pursuant to the Reverse Unit Split, common unitholders received one common unit for every 15 common units owned at the close of business on November 9, 2020. All fractional units created by the Reverse Unit Split were rounded to the nearest whole unit. The common units began trading on a split-adjusted basis on November 10, 2020. After giving effect to the Reverse Unit Split, the number of issued and outstanding common units decreased to 3,774,992.
Footnote F3
Common Units being withheld to pay tax liability.
Footnote F4
The phantom units awarded on March 15, 2019 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. The Reporting Person received Distribution Equivalent Rights ("DERs") for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
Footnote F5
The phantom units and associated DERs do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
Footnote F6
Total excludes phantom units from other tranches with different vesting and expiration dates.
Footnote F7
The phantom units awarded on November 15, 2019 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. The Reporting Person received DERs for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
Footnote F8
The phantom units awarded on March 23, 2020 with a Reference Date of March 15, 2020 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. The Reporting Person received DERs for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
Footnote F9
The phantom units awarded on February 17, 2021 with a Reference Date of March 15, 2021 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. The Reporting Person received DERs for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
SEC remarks
The Reporting Person is Executive Vice President and Chief Financial Officer of Summit Midstream GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.