David P. Michels - 31 Jul 2025 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Reporting relationship: VP and Chief Financial Officer
Issuer ticker: KMI
Reported as of: 31 Jul 2025
Net transaction value: -$2,073,226
SEC form: 4
Accepted by SEC: 04 Aug 2025, 17:08:05 UTC
Prior SEC filing: 17 Jul 2025
Next SEC filing: 26 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ David P. Michels

Key filing fact

David P. Michels filed Form 4 for KINDER MORGAN, INC. (KMI) on 04 Aug 2025.

Key facts

This page summarizes David P. Michels's Form 4 filing for KINDER MORGAN, INC. (KMI).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Aug 2025, 17:08.

Change

Previous filing in this sequence was filed on 17 Jul 2025.
Current net transaction value: -$2,073,226.

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

Reporting Owners (1)

CIK 0001573038 Primary reporting owner

Michels David Patrick

Relationship: VP and Chief Financial Officer
Address: 1001 LOUISIANA STREET, SUITE 1000, HOUSTON
Signature: /s/ David P. Michels
Signature date: 04 Aug 2025

Reported non-derivative transactions

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

KMI transaction

Class P Common Stock

Options Exercise

Transaction value: $0
Shares: +86,656
Change %: +59%
Price: $0.000000
Shares after: 233,124
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F1

KMI transaction

Class P Common Stock

Tax liability

Transaction value: $945,510
Shares: -33,696
Change %: -14%
Price: $28.06
Shares after: 199,428
Date: 31 Jul 2025
Ownership: Direct
Footnotes: F2, F3

KMI transaction

Class P Common Stock

Sale

Transaction value: $1,127,716
Shares: -40,000
Change %: -20%
Price: $28.19
Shares after: 159,428
Date: 04 Aug 2025
Ownership: Direct
Footnotes: F4, F5

Reported derivative securities

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

KMI transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -86,656
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 31 Jul 2025
Ownership: Direct
Underlying class: Class P Common Stock
Underlying amount: 86,656
Exercise price
Footnotes: F6, F7

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

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 7 footnotes

Footnote F1

This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.

Footnote F2

Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.

Footnote F3

Closing price of Class P Common Stock on the date of vesting.

Footnote F4

Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 19, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.

Footnote F5

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.11 to $28.45 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Footnote F6

Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.

Footnote F7

These restricted stock units vested on July 31, 2025.