Form 4: Kinder Morgan VP Dax Sanders Reports Stock Transactions
SEC Form 4 Filing
Kinder Morgan's VP, Dax Sanders, reports the vesting and settlement of restricted stock units and shares withheld for tax obligations.
Summary
- On July 31, 2024, Dax Sanders, VP of Products Pipelines at Kinder Morgan, settled 85,862 restricted stock units, receiving Class P Common Stock.
- The company withheld 32,793 shares to cover tax obligations at a price of $21.13 per share.
- Following these transactions, Sanders directly owns 309,138 shares of Class P Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: settlement of restricted stock units and tax withholding. |
| 08/01/2024 | Date of signature for the Form 4 filing. |
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