Jamie Welch Receives Stock Award at Kinetik Holdings Inc (KNTK) — SEC Form 4, Dec 18, 2024

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
TXN 2024-12-16 · FILED 2024-12-18
Equity Position 3.62M sh 3,603,527 → 3,619,536
Equity Change +0.4% shares held after vs before
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2024-12-18
Report Date
2024-12-16
Accession No.
0000950170-24-138128
Accepted At
2024-12-19 01:40 UTC
Reporting Owner
Name Relationship
Jamie Welch CIK 0001579251
Director CEO
Jamie Welch at Kinetik Holdings Inc Full insider history
Bought (12 mo) $276,560
Sold (12 mo) —
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All filings by this insider at Kinetik Holdings Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Class A Common Stock, par value $0.001F1F1F1F2 2024-12-16 A - Award/Grant 16,009 A $0.00 — 3,616,535 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Performance Share UnitsF5F5F5 2024-12-16 A - Award/Grant 5,563 A $0.00 56,273 Class A Common Stock, par value $0.001 Direct
Non-Derivative Holdings
Title Shares Held Ownership
Class A Common Stock, par value $0.001F3 1,539 Indirect By 401(k) plan
Class A Common Stock, par value $0.001F4 1,462 Indirect By spouse
Footnotes (5)
F1
Represents an award of fully vested shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock") of Kinetik Holding Inc. (the "Issuer") granted to the Reporting Person in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2024 fiscal year. Show more
F2
Includes an additional 1,298 shares of Class A Common Stock acquired by the Reporting Person since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act. Show more
F3
Includes an additional 22 shares of Class A Common Stock acquired by the Reporting Person since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act. Show more
F4
Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account. Show more
F5
Reflects 5,563 dividend equivalent shares accrued on Performance Share Units ("PSUs") granted to the Reporting Person under the Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs, resulting from dividend equivalents. Show more
Remarks

Chief Executive Officer and President

Show more
5%+ Holders · 13D/G 2 filers
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All Kinetik Holdings Inc insider activity
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