Todd Carpenter - 16 Dec 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Reporting relationship: General Counsel, Assistant Secretary, Chief Compliance Officer
Issuer ticker: KNTK
Reported as of: 16 Dec 2024
Net transaction value: -$157,101
SEC form: 4
Accepted by SEC: 18 Dec 2024, 19:59:37 UTC
Prior SEC filing: 29 Mar 2024
Source filing: View source filing
Reporting owner signature: By: /s/ Todd Carpenter

Key filing fact

Todd Carpenter filed Form 4 for Kinetik Holdings Inc. (KNTK) on 18 Dec 2024.

Key facts

This page summarizes Todd Carpenter's Form 4 filing for Kinetik Holdings Inc. (KNTK).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 Dec 2024, 19:59.

Change

Previous filing in this sequence was filed on 29 Mar 2024.
Current net transaction value: -$157,101.

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: +7,073
Change %: +2.6%
Price: $0.000000
Shares after: 279,079
Date: 16 Dec 2024
Ownership: Direct
Footnotes: F1, F2

KNTK transaction

Class A Common Stock, par value $0.001

Tax liability

Transaction value: $157,101
Shares: -2,784
Change %: -1%
Price: $56.43
Shares after: 276,295
Date: 17 Dec 2024
Ownership: Direct
Footnotes: F3

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: +885
Change %: +11%
Price: $0.000000
Shares after: 8,952
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Common Stock, par value $0.001
Underlying amount: 8,952
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 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 2024 fiscal year.

Footnote F2

Includes 844 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired by the Reporting Person under the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing.

Footnote F3

Shares withheld by the Company to satisfy the Reporting Person's tax liability on the Reporting Person's annual incentive award.

Footnote F4

Reflects 885 dividend equivalent shares accrued on Performance Share Units ("PSUs") granted to the Reporting Person under the Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs, resulting from dividend equivalents.

SEC remarks

General Counsel, Assistant Secretary, Chief Compliance Officer