William Ordemann Receives Stock Award at Kinetik Holdings Inc (KNTK) — SEC Form 4, May 21, 2024

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
Director
TXN 2024-05-20 · FILED 2024-05-21
Equity Position 3.91K sh 421 → 3,909
Equity Change +828.5% shares held after vs before
Filing Lag 1 business day within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2024-05-21
Report Date
2024-05-20
Accession No.
0000950170-24-063114
Accepted At
2024-05-21 22:00 UTC
Reporting Owner
Name Relationship
William Ordemann CIK 0001183245
Director
William Ordemann at Kinetik Holdings Inc Full insider history
Bought (12 mo) —
Sold (12 mo) —
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Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Class A Common StockF1F2F3 2024-05-20 A - Award/Grant 3,488 A $0.00 — 3,909 Direct
Footnotes (3)
F1
Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earliest to occur of a Change of Control (as defined in the Plan), the reporting person's termination from service with Kinetik Holdings Inc. (the "Company"), or January 1, 2027 Show more
F2
While the RSUs remain outstanding, the reporting person will be entitled to receive an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock except that such amount will (a) be subject to the terms and conditions of the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"), and (b) be immediately vested in full and paid to the reporting person in accordance with the DRIP at the time elected by the reporting person pursuant to the reporting person's election under the Plan, as described in Note 1 above. Show more
F3
Amount reported includes 8 additional RSUs acquired by the reporting person since the date of the reporting person's last Form 4 in connection with the reinvestment of dividends described herein. Show more
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