4/A: Summit Midstream Corp Director Corrects Ownership Reporting in Amended SEC Filing

Jerry L. Peters, a director at Summit Midstream Corp, filed an amended Form 4/A to correct a previous error in reporting the ownership of 3,062 common stocks, clarifying that they are directly held rather than indirectly held by a Joint Spousal Trust.

Summary

• Jerry L. Peters, a director at Summit Midstream Corp, filed an amendment to a previous Form 4 filing.
• The amendment, filed on April 28, 2025, corrects an error in the original filing from March 18, 2025.
• The error concerned the reporting of 3,062 common stocks awarded on March 14, 2025.
• The original filing incorrectly stated that these shares were indirectly held by a Joint Spousal Trust.
• The amended filing clarifies that the 3,062 common stocks are directly held by Jerry L. Peters.
• Peters also reported the sale of 3,303 shares of common stock on March 17, 2025, at a price of $39.12 per share.
• Following these transactions, Peters directly owns 3,062 shares and indirectly owns 26,936 shares through a Joint Spousal Trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the correction of information.

Industry Context

This filing is a routine disclosure related to insider trading and ownership changes, which is a common practice for publicly traded companies like Summit Midstream Corp. It provides transparency to investors regarding the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States, as mandated by the SEC.
• Similar filings are made by executives at companies like Kinder Morgan, Enbridge, and Williams Companies to report changes in their ownership positions.
• The level of detail and timeliness of these filings are generally consistent across the industry, ensuring transparency and compliance with regulations.

Stakeholder Impact

• The correction of the ownership information ensures transparency for shareholders.
• The filing provides stakeholders with accurate information regarding the director's holdings in the company.

Key Dates

Keywords

Form 4/A, amendment, beneficial ownership, Summit Midstream Corp, Jerry L. Peters, common stock, SEC filing, director