Form 4: Kinder Morgan VP Sital K. Mody Sells Shares Under 10b5-1 Trading Plan

Kinder Morgan's Vice President, Sital K. Mody, executed a sale of company stock on August 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 1, 2024, Sital K. Mody, a Vice President at Kinder Morgan, Inc., sold 25,169 shares of common stock.
• The sale was executed at a weighted average price of $21.0399 per share, with individual transactions ranging from $20.94 to $21.17.
• The transaction was conducted under a 10b5-1 trading plan adopted on April 22, 2024.
• Following the transaction, Mody still directly owns 0 shares of Kinder Morgan stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically views these sales in the context of the overall trading activity and company performance.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates