Form 4: Kinder Morgan CFO David Michels Reports Stock Transactions

David Michels, CFO of Kinder Morgan, reports the settlement of restricted stock units and shares withheld for tax obligations.

Summary

• David Patrick Michels, VP and Chief Financial Officer of Kinder Morgan, Inc., filed a Form 4 on August 1, 2024.
• The report details transactions from July 31, 2024, involving Class P Common Stock.
• Michels settled 57,241 restricted stock units, receiving shares of Class P Common Stock.
• The company withheld 21,718 shares to cover tax obligations at a price of $21.13 per share.
• Following these transactions, Michels directly owns 150,223 shares of Class P Common Stock.
• Michels also holds 0 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency in stock transactions.
• Similar filings are made by executives at companies like Enterprise Products Partners (EPD) and Williams Companies (WMB) when they trade their company's stock.
• The level of detail provided in this Form 4 is consistent with standard SEC requirements.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
• Employees holding restricted stock units may be interested in the vesting and tax implications.

Key Dates