Form 4: Kinetik Holdings Inc. Director Deborah L. Byers Reports Changes in Beneficial Ownership
SEC Form 4
Director Deborah L. Byers reports acquisition and disposal of Class A Common Stock and Deferred Stock Units (DSUs) in Kinetik Holdings Inc.
Summary
- On May 19, 2025, Deborah L. Byers, a director of Kinetik Holdings Inc., reported changes in her beneficial ownership of the company's securities.
- She acquired 3,388 Class A Common Stock units at $0, and disposed of 2,739 Class A Common Stock units at $0.
- Following these transactions, Byers directly owns 18,413 shares of Class A Common Stock.
- Byers also acquired 229 Deferred Stock Units (DSUs), bringing her total DSU holdings to 7,402.
- These DSUs were granted in lieu of director cash compensation and vest over time, with settlement deferred until termination of service.
- Dividends on both RSUs and DSUs are reinvested into additional units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to director compensation and dividend reinvestment. There are no explicit positive or negative indicators.
Positives
- The reinvestment of dividends into additional RSUs and DSUs demonstrates a long-term commitment to the company by the director.
Future Outlook
Settlement of vested RSUs and DSUs is deferred until a change in control or termination of service, respectively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a director in the company's stock and deferred stock units.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they relate to director compensation and dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2023 | 1,091 DSUs vested |
| 07/01/2023 | 1,091 DSUs vested |
| 10/01/2023 | 1,091 DSUs vested |
| 01/01/2024 | 1,090 DSUs vested |
| 01/01/2026 | RSUs generally vest, subject to continued service |
| 05/19/2025 | Date of transaction for Class A Common Stock and DSUs |
| 05/20/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Kinetik Holdings Inc., Deborah L. Byers, Class A Common Stock, Deferred Stock Units, Director, RSUs, DSUs, Dividends
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