Form 4: Kinetik Holdings Inc. Executive Matthew Wall Reports Changes in Beneficial Ownership

Matthew Wall, EVP and Chief Operating Officer of Kinetik Holdings Inc., reports transactions involving Class A Common Stock and Performance Share Units.

Summary

• On March 7, 2025, Matthew Wall acquired 6,346 shares of Class A Common Stock as an award in lieu of cash for his 2024 annual incentive.
• He also acquired 15,329 restricted stock units (RSUs) that will vest on January 1, 2028, subject to continued employment.
• On March 10, 2025, 1,586 shares were withheld to cover tax liabilities related to the annual incentive award at a price of $51.19 per share.
• Wall was also granted 7,664 Performance Share Units (PSUs) and 204 dividend equivalent shares accrued on PSUs.
• Following these transactions, Wall directly owns 554,722 shares of Class A Common Stock, 16,616 PSUs, and 16,820 dividend equivalent shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine insider transactions. The awards suggest confidence in the company's future performance, but there are no explicit positive or negative statements.

Positives

• The award of shares and RSUs to Matthew Wall aligns his interests with those of the shareholders.
• The vesting of RSUs and PSUs is tied to continued employment and company performance, incentivizing long-term commitment and value creation.

Risks

• The value of the RSUs and PSUs is subject to the performance of Kinetik Holdings Inc.'s stock.
• The vesting of RSUs is contingent on continued employment, creating a potential risk if Wall were to leave the company before January 1, 2028.

Future Outlook

The vesting of RSUs and PSUs is contingent on future employment and company performance, indicating a focus on long-term value creation.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Comparison to Industry Standards

• Executive compensation packages including stock options, RSUs, and PSUs are standard practice in publicly traded companies to align management's interests with those of shareholders.
• Companies like ExxonMobil, Chevron, and ConocoPhillips also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to the alignment of executive interests with company performance.
• Employees may view the equity-based compensation as a positive incentive.

Key Dates