Form 4: DT Midstream Director Peter Tumminello Acquires Restricted Stock Units

Director Peter Tumminello acquired 1,758 restricted stock units of DT Midstream, Inc. on May 10, 2024, which will vest on May 10, 2025, contingent upon continued service.

Summary

• On May 10, 2024, Peter I Tumminello, a director of DT Midstream, Inc. (DTM), acquired 1,758 restricted stock units (RSUs).
• Each RSU represents the right to receive one share of DTM's common stock, with fractional shares paid in cash.
• The RSUs will vest on May 10, 2025, contingent upon Tumminello's continued service with the company.
• Following the transaction, Tumminello directly owns 1,758 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is contingent upon the reporting person's continued service with the issuer through the vesting date.

Industry Context

This transaction is a routine part of executive compensation and aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.

Key Dates