Form 4: Kinetik Holdings COO Reports Stock Transactions

Kinetik Holdings' COO, Matthew Wall, reported the acquisition of restricted stock units and performance share units, alongside the sale of shares to cover tax obligations.

Summary

• Matthew Wall, EVP and COO of Kinetik Holdings Inc. (KNTK), reported transactions on January 2, 2026.
• Acquired 3,776 shares of Class A Common Stock as restricted stock units (RSUs) with a grant price of $0, vesting on January 1, 2027.
• Disposed of 8,083 shares of Class A Common Stock at a price of $36.05 per share to satisfy tax liabilities arising from RSU vesting events on March 10, 2023, and May 9, 2025.
• Acquired 1,245 Performance Share Units (PSUs) as dividend equivalent shares, with a grant price of $0, which will be payable in Class A Common Stock upon vesting of the underlying PSUs.
• Following these transactions, Matthew Wall directly beneficially owns 554,738 shares of Class A Common Stock and 18,666 derivative Performance Share Units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the grant of new equity awards (RSUs and dividend equivalent PSUs), indicating ongoing executive compensation and alignment. This is balanced by the routine sale of shares for tax purposes, which is a neutral event.

Positives

• The grant of 3,776 restricted stock units (RSUs) aligns the executive's interests with long-term shareholder value.
• The acquisition of 1,245 dividend equivalent shares on Performance Share Units (PSUs) indicates ongoing participation in company performance and dividends.

Negatives

• The disposition of 8,083 shares, while for tax purposes, reduces the executive's direct beneficial ownership.

Future Outlook

The 3,776 restricted stock units are scheduled to vest on January 1, 2027, contingent on continued employment. Dividend equivalent shares accrued on Performance Share Units will be paid out in Class A Common Stock upon the vesting of the underlying units.

Industry Context

This filing details routine insider transactions related to executive compensation and tax obligations, which are common across publicly traded companies and do not reflect broader industry trends or specific competitive dynamics.

Related Party Transactions

• Transactions involve the company's EVP, COO, Matthew Wall, receiving equity awards and selling shares to cover tax liabilities, which are standard related-party compensation events.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine executive compensation and tax-related transactions. The grants align executive interests with shareholder value.
• Employees: Indirectly impacted by the company's compensation structure and executive incentives.

Next Steps

• Vesting of 3,776 restricted stock units on January 1, 2027.
• Future vesting and settlement of Performance Share Units, including the accrued dividend equivalents.

Key Dates

Keywords

Kinetik Holdings, KNTK, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Performance Share Units, Executive Compensation, Stock Sale, Tax Withholding