Anne Psencik - 07 Mar 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 Mar 2024, 20:31:36 UTC
Prior SEC filing
13 Feb 2024
Next SEC filing
20 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Todd Carpenter, Attorney-in-Fact

Key filing fact

Anne Psencik filed Form 4 for Kinetik Holdings Inc. (KNTK) on 11 Mar 2024.

Key facts

  • This page summarizes Anne Psencik's Form 4 filing for Kinetik Holdings Inc. (KNTK).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 11 Mar 2024, 20:31.

Change

  • Previous filing in this sequence was filed on 13 Feb 2024.
  • Current net transaction value: -$113,184.

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.

KNTK transaction

Class A Common Stock, par value $0.001

Award

Transaction value
$0
Shares
+12,855
Change %
+5.4%
Price
$0.000000
Shares after
250,310
Date
07 Mar 2024
Ownership
Direct
Footnotes
F1
KNTK transaction

Class A Common Stock, par value $0.001

Sale

Transaction value
$113,184
Shares
-3,182
Change %
-1.3%
Price
$35.57
Shares after
247,128
Date
11 Mar 2024
Ownership
Direct
Footnotes
F2
KNTK transaction

Class A Common Stock, par value $0.001

Award

Transaction value
$0
Shares
+15,407
Change %
+6.1%
Price
$0.000000
Shares after
266,447
Date
07 Mar 2024
Ownership
Direct
Footnotes
F3, F4

Reported derivative securities

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

KNTK transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+8,067
Change %
Price
$0.000000
Shares after
8,067
Date
07 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock, par value $0.001
Underlying amount
8,067
Exercise price
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents an award of fully vested shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock") of Kinetik Holding Inc. (the "Issuer") granted to the Reporting Person in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.

Footnote F2

Represents shares of Class A Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the award of vested shares in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.

Footnote F3

Represents an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2027, subject to the Reporting Person's continued employment through such date, and may be settled only for shares of Class A Common Stock on a one-for-one basis.

Footnote F4

Includes 3,912 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under the Issuer's Dividend and Distribution Reinvestment Plan (the "DRIP") after the Reporting Person's immediately prior Form 5 filing.

Footnote F5

Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued employment and the Issuer's annualized total shareholder return over the period from January 1, 2024, through December 31, 2026.

SEC remarks

Chief Strategy Officer

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