Laura A. Sugg - Dec 31, 2023 Form 5 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Director
Signature
/s/ Todd Carpenter, Attorney-In-Fact
Stock symbol
KNTK
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
5
Date filed
2/13/2024, 07:00 PM
Previous filing
Jun 2, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KNTK Class A Common Stock 56.6K Dec 31, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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. 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) or the reporting person's termination from service with Kinetik Holdings Inc. (the "Company").
F2 While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and pursuant to the reporting person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note I above. Amount reported includes 351 additional RSUs and 2,033 shares of Class A common stock acquired by Ms. Sugg since the date of Ms. Sugg's last Form 4 in connection with the reinvestment of dividends described herein.