Form 4: Kinder Morgan Executive Settles Restricted Stock Units, Reports Beneficial Ownership Changes

Kevin P. Grahmann, V.P. of Corporate Development at Kinder Morgan, settled restricted stock units and reported changes in beneficial ownership of Class P Common Stock on July 31, 2024.

Summary

• On July 31, 2024, Kevin P. Grahmann, V.P. of Corporate Development at Kinder Morgan, settled 24,328 restricted stock units, receiving Class P Common Stock.
• The company withheld 5,924 shares to cover tax obligations related to the vesting of these units.
• Following these transactions, Grahmann directly owns 58,653 shares of Class P Common Stock.
• The settlement price for the restricted stock units was $0, while the shares withheld for taxes were valued at $21.13 each, based on the closing price of Class P Common Stock on July 31, 2024.
• The restricted stock units vested on July 31, 2024, with each unit representing the right to receive one share of Class P Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive interests with those of shareholders.

Stakeholder Impact

• The transaction affects the beneficial ownership of Kinder Morgan's stock, which is of interest to shareholders.
• The tax withholding impacts the company's financials and potentially its employees.

Key Dates