Form 4: DT Midstream Executive Melissa Cox Reports Stock Transactions
SEC Form 4
Melissa Cox, E.V.P. and Chief Admin. Off. of DT Midstream, reports the vesting and conversion of restricted stock units and the disposition of shares to cover tax obligations.
Summary
- On August 2, 2024, Melissa Cox, E.V.P. and Chief Admin. Off. of DT Midstream, engaged in transactions involving the company's stock.
- Cox converted 1,258 restricted stock units into common stock.
- She also disposed of 574 shares of common stock to satisfy tax obligations at a price of $72.85 per share.
- Following these transactions, Cox directly owns 4,537 shares of DT Midstream common stock.
- She also holds 2,251.932 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 08/02/2023 | 25% of restricted stock units vested. |
| 08/02/2024 | Date of stock transactions: conversion of restricted stock units and disposition of shares for tax obligations; 25% of restricted stock units vested. |
| 08/06/2024 | Date of signature for the Form 4 filing. |
| 08/02/2025 | 50% of restricted stock units will vest, subject to continued service. |
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