Form 4: Kinetik Holdings CFO Sells Shares to Cover Tax Obligations

Trevor Howard, CFO of Kinetik Holdings Inc., sold 1,664 shares of Class A Common Stock on March 12, 2024, to cover tax withholding obligations related to vested shares awarded in lieu of cash for the 2023 annual incentive.

Summary

• On March 12, 2024, Trevor Howard, the Chief Financial Officer of Kinetik Holdings Inc., sold 1,664 shares of Class A Common Stock.
• The shares were sold at a price of $35.68 per share.
• The sale was executed to cover tax withholding obligations related to the award of vested shares in lieu of cash settlement of the annual incentive award earned for the 2023 fiscal year.
• Following the transaction, Howard directly owns 205,411 shares of Kinetik Holdings Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates