DTM.NYSEDt Midstream, INC

Form 4: DT Midstream CEO David Slater Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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DT Midstream's CEO, David Slater, reports the acquisition and disposal of company stock and restricted stock units on August 2, 2024.

Summary

  • On August 2, 2024, David Slater, the President and CEO of DT Midstream, engaged in transactions involving the company's stock.
  • Slater acquired 25,163 shares of common stock through the vesting of restricted stock units.
  • He also disposed of 10,758 shares to cover tax obligations at a price of $72.85 per share.
  • Following these transactions, Slater directly owns 74,456 shares of DT Midstream common stock.
  • He also holds 43,499.5 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO, when they trade their company's stock. It provides transparency to the market about insider activity.

Stakeholder Impact

  • The transactions could have a minor impact on shareholders by slightly increasing the number of shares available in the market.

Key Dates

DateDescription
08/02/202325% of restricted stock units vested.
08/02/2024Earliest transaction date; restricted stock units vested; shares disposed of for tax obligations; 25% of restricted stock units vested.
08/02/202550% of restricted stock units will vest.
08/06/2024Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.