Steven J. Kean - Jul 31, 2021 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Role
Chief Executive Officer, Director
Signature
/s/ Steven J. Kean
Stock symbol
KMI
Transactions as of
Jul 31, 2021
Transactions value $
-$6,107,923
Form type
4
Date filed
8/3/2021, 03:35 PM
Previous filing
Jul 22, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMI Class P Common Stock Options Exercise $0 +904K +13.85% $0.00 7.44M Jul 31, 2021 Direct F1
transaction KMI Class P Common Stock Tax liability -$6.11M -351K -4.73% $17.38 7.09M Jul 31, 2021 Direct F2, F3
holding KMI Class P Common Stock 265K Jul 31, 2021 By Spouse F4
holding KMI Class P Common Stock 230K Jul 31, 2021 By Limited Partnership F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KMI Restricted Stock Unit Options Exercise $0 -904K -100% $0.00* 0 Jul 31, 2021 Class P Common Stock 904K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
F2 Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
F3 Closing price of Class P Common Stock on the last trading day before the vesting date.
F4 These shares are owned by the reporting person's spouse as her sole and separate property. Mr. Kean has no right title interest in, and disclaims all ownership interest in, these shares.
F5 The reporting person is the sole general partner of the limited partnership; two trusts (of which family members of the reporting person are sole beneficiaries and the reporting person is sole trustee) each own a 49.5% limited partner interest in the limited partnership. The reporting person disclaims beneficial ownership of the Class P common stock held by the limited partnership except to the extent of his pecuniary interest therein.
F6 Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
F7 These restricted stock units vested on July 31, 2021.