Form 4: Kinetik Holdings Inc. Director Laura Sugg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Laura Sugg reports acquisition of restricted stock units (RSUs) and shares of Class A Common Stock through dividend reinvestment, increasing her holdings in Kinetik Holdings Inc.
Summary
- On May 19, 2025, Laura Sugg, a director of Kinetik Holdings Inc., reported changes in her beneficial ownership of the company's securities.
- She acquired 3,498 Class A Common Stock through fully vested restricted stock units (RSUs).
- Additionally, she acquired 2,197 Class A Common Stock through dividend reinvestments.
- Following these transactions, Sugg directly owns 68,157 Class A Common Stock and 72,421 RSUs.
- The RSUs vest on January 1, 2026, subject to continued service.
- A Power of Attorney was executed on May 15, 2025, appointing Jamie Welch, Steven Stellato, and Lindsay Ellis as attorneys-in-fact to handle SEC filings related to Kinetik Holdings Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions related to stock ownership and dividend reinvestment, which are standard financial activities.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's future performance.
Future Outlook
The RSUs will generally vest on January 1, 2026, subject to the Reporting Person's continued service relationship with the Company.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company director, which is standard practice in publicly traded companies to ensure transparency and compliance with SEC regulations.
Comparison to Industry Standards
- Form 4 filings are standard practice for directors and officers of publicly traded companies, ensuring transparency in their trading activities.
- Dividend reinvestment plans are common, allowing shareholders to increase their stake in the company.
Stakeholder Impact
- The report provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of Power of Attorney execution. |
| 05/19/2025 | Date of transaction (acquisition of shares and RSUs). |
| 05/20/2025 | Date of signature for the report. |
| 01/01/2026 | General vesting date for RSUs, subject to continued service. |
Keywords
Form 4, Beneficial Ownership, Kinetik Holdings Inc., Laura Sugg, RSUs, Dividend Reinvestment, Class A Common Stock, SEC Filing, Power of Attorney
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