D. Mark Leland - 22 Jul 2024 Form 4 Insider Report for Equitrans Midstream Corp

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 Jul 2024, 17:05:59 UTC
Prior SEC filing
21 May 2024
Next SEC filing
07 Jan 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lisa M. Lind, Attorney-in-Fact for D. Mark Leland

Key filing fact

D. Mark Leland filed Form 4 for Equitrans Midstream Corp on 22 Jul 2024.

Key facts

  • This page summarizes D. Mark Leland's Form 4 filing for Equitrans Midstream Corp.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 22 Jul 2024, 17:05.

Change

  • Previous filing in this sequence was filed on 21 May 2024.
  • Current net transaction value: $0.

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.

ETRN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-56,897
Change %
-100%
Price
Shares after
0
Date
22 Jul 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

ETRN transaction Derivative

Deferred Stock Units

Disposed to Issuer

Transaction value
Shares
-119,161
Change %
-100%
Price
Shares after
0
Date
22 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
119,161
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

D. Mark Leland is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

On July 22, 2024 (the "Effective Time"), pursuant to an Agreement and Plan of Merger, dated as of March 10, 2024 (the "Merger Agreement"), Humpty Merger Sub Inc. ("Merger Sub"), a direct, wholly owned subsidiary of EQT Corporation ("EQT"), merged with and into Equitrans Midstream Corporation (the "Company") with the Company surviving as an indirect wholly owned subsidiary of EQT (the "First Step Surviving Corporation") and as the second step in a single integrated transaction, the First Step Surviving Corporation merged with and into Humpty Merger Sub LLC, an indirect wholly owned subsidiary of EQT. Pursuant to the Merger Agreement, each issued and outstanding share of the Company's common stock (excluding any Excluded Shares as define in the Merger Agreement) was converted into the right to receive 0.3504 shares (the "Exchange Ratio") of EQT common stock, with cash in lieu of fractional shares.

Footnote F2

On July 22, 2024, pursuant to the Merger Agreement, each outstanding phantom stock unit became fully vested, any restrictions lapsed, and each phantom stock unit was converted into the right to receive a number of EQT shares (rounded up to the next whole EQT share) equal to the product obtained by multiplying (x) the Exchange Ratio by (y) the total number of shares of Company common stock underlying such Company phantom stock unit.

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