Form 4: Kinetik Holdings Inc. Director Laura A. Sugg Reports Acquisition of Restricted Stock Units and Dividend Reinvestments

Director Laura A. Sugg reports acquisition of 3,488 restricted stock units and dividend reinvestments resulting in a total holding of 62,459 Class A Common Stock shares.

Summary

• On May 20, 2024, Laura A. Sugg, a director of Kinetik Holdings Inc., acquired 3,488 shares of Class A Common Stock through a fully vested award of restricted stock units (RSUs).
• These RSUs may only be settled for shares of common stock on a one-for-one basis.
• Settlement of the vested RSUs has been deferred until the earliest to occur of a Change of Control or the termination of the reporting person's service relationship with Kinetik Holdings Inc.
• Sugg is entitled to receive dividend equivalents on the RSUs, subject to the company's Dividend Reinvestment Plan (DRIP).
• Since the last Form 5 filing, Sugg acquired an additional 353 RSUs and 2,044 shares of Class A Common stock through dividend reinvestments.
• Following the reported transactions, Sugg beneficially owns 62,459 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through RSU acquisition and dividend reinvestment, indicating confidence in the company's future.

Positives

• The acquisition of RSUs and shares through dividend reinvestment indicates a continued investment and alignment with the company's performance.

Future Outlook

The settlement of RSUs is contingent upon a Change of Control or termination of service, indicating a potential future event that could impact the number of shares outstanding.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates