Form 4: DT Midstream Executive Wendy Ellis Reports Stock Transactions

Wendy Ellis, E.V.P., Gen Counsel & Corp Sec of DT Midstream, reports stock transactions including the vesting of restricted stock units and subsequent sale of shares to cover taxes.

Summary

• On August 2, 2024, Wendy Ellis, an executive at DT Midstream, engaged in transactions involving the company's stock.
• These transactions included the vesting of 6,990 restricted stock units and the acquisition of shares through the dividend reinvestment plan.
• Ellis also disposed of 3,744 shares to satisfy tax obligations at a price of $72.85 per share.
• Following these transactions, Ellis directly owns 15,084 shares of DT Midstream common stock and 12,083.5 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Executives often receive stock options or restricted stock units as part of their compensation packages, and they are required to report when they exercise these options or sell shares.

Key Dates