David Slater - 08 Aug 2022 Form 4 Insider Report for DT Midstream, Inc. (DTM)

Signature
/s/ Wendy Ellis, Attorney-in-Fact
Issuer symbol
DTM
Transactions as of
08 Aug 2022
Net transactions value
-$72,511
Form type
4
Filing time
10 Aug 2022, 20:00:00 UTC
Previous filing
25 Feb 2022
Next filing
31 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTM Common Stock Other $72,511 -1,408 -100% $51.50 0 08 Aug 2022 By 401(k) Plan F1, F2, F3
holding DTM Common Stock 20,227 08 Aug 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.