Wendy Ellis - Aug 8, 2022 Form 4 Insider Report for DT Midstream, Inc. (DTM)

Role
E.V.P., Gen Counsel & Corp Sec
Signature
/s/ Wendy Ellis, Attorney-in-Fact
Stock symbol
DTM
Transactions as of
Aug 8, 2022
Transactions value $
-$29,895
Form type
4
Date filed
8/10/2022, 08:26 PM
Previous filing
Feb 25, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTM Common Stock Other -$29.9K -580 -100% $51.50 0 Aug 8, 2022 By 401(k) Plan F1, F2, F3
holding DTM Common Stock 2.54K Aug 8, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the legal and structural separation of the Issuer from DTE Energy Company ("DTE"), the Reporting Person received shares of the Issuer's common stock in the Reporting Person's DTE 401(k) plan account. Pursuant to the terms of the DTE 401(k) plan and applicable law, DTE was forced to liquidate and sell all shares of Issuer common stock in the DTE 401(k) plan.
F2 Includes shares of the Issuer's common stock acquired under the Issuer's dividend reinvestment plan.
F3 Upon concluding the above-described sales, the proceeds from such sales were distributed to plan participants on a prorated basis based on the proportion of the Issuer's common stock held by the DTE 401(k) plan attributable to the participant. The price set forth in this Form is the per share consideration received by the reporting person for the disposition of the shares attributable to the Reporting Person.