Form 4: Kinetik Holdings Director Leland D Mark Reports Changes in Beneficial Ownership

Director Leland D Mark reports changes in beneficial ownership of Kinetik Holdings Inc. Class A Common Stock due to RSU awards and dividend reinvestments.

Summary

• On May 19, 2025, Leland D Mark, a director of Kinetik Holdings Inc., reported changes in beneficial ownership.
• These changes involve Class A Common Stock and Restricted Stock Units (RSUs).
• Mark acquired 3,388 shares through a fully vested RSU award and 2,090 shares through another RSU award.
• The vested RSUs settlement is deferred until the earlier of termination of service or January 1, 2026.
• Dividend equivalents are reinvested into additional RSUs, with 403 additional RSUs acquired since the last Form 5 filing.
• Following these transactions, Mark beneficially owns 23,589 shares directly from the first transaction and 26,082 from the second transaction.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to director compensation and ownership changes. There is no indication of positive or negative implications for the company's performance.

Positives

• The reporting person is increasing their holdings in the company.

Future Outlook

Settlement of vested RSUs is deferred until the earlier of termination of service or January 1, 2026.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders due to the increased holdings of a company director, signaling confidence.

Key Dates

Keywords

beneficial ownership, Kinetik Holdings, Form 4, RSU, director, Leland D Mark, Class A Common Stock, dividend reinvestment