Form 4: Kinder Morgan VP Michael Pitta Reports Stock Transactions
SEC Form 4 Filing
Michael Pitta, VP and Chief Administrative Officer of Kinder Morgan, reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On July 20, 2024, Michael Pitta, VP and Chief Administrative Officer of Kinder Morgan, settled 11,449 restricted stock units into Class P Common Stock.
- The settlement occurred on the scheduled vesting date.
- Additionally, 2,788 shares were withheld by Kinder Morgan to satisfy tax withholding obligations related to the vesting.
- The price of Class P Common Stock on the last trading day before the vesting date was $21.49.
- Following these transactions, Pitta directly owns 54,865 shares of Class P Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/20/2024 | Date of restricted stock unit vesting and settlement. |
| 07/23/2024 | Date of Form 4 signature. |
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