Jamie Welch - Mar 7, 2025 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Chief Executive Officer and President Exhibit List: Exhibit 24- Power of Attorney, Director
Signature
By: /s/ Lindsay Ellis, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Mar 7, 2025
Transactions value $
$0
Form type
4
Date filed
3/11/2025, 05:00 PM
Previous filing
Dec 18, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock, par value $0.001 Award $0 +13.5K +0.37% $0.00 3.63M Mar 7, 2025 Direct F1
transaction KNTK Class A Common Stock, par value $0.001 Award $0 +25.9K +0.71% $0.00 3.66M Mar 7, 2025 Direct F2
holding KNTK Class A Common Stock, par value $0.001 1.6K Mar 7, 2025 By 401(k) plan F3

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 KNTK Performance Share Units Award $0 +38.8K +68.95% $0.00 95.1K Mar 7, 2025 Class A Common Stock, par value $0.001 95.1K Direct F4
transaction KNTK Performance Share Units Award $0 +1.28K +1.35% $0.00 96.4K Mar 7, 2025 Class A Common Stock, par value $0.001 96.4K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Holdings 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.
F2 Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2028, subject to the Reporting Person's continued employment through such date and may be settled only for shares of Class A Common Stock on a one-for-one basis.
F3 Includes an additional 60 shares of Class A Common Stock acquired by the Reporting Person's individual 401(k) account.
F4 Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued employment and the Issuer's annualized total shareholder return over the period from January 1, 2025, through December 31, 2027.
F5 Includes an award of 1,281 dividend equivalent shares accrued on Performance Share Units ("PSUs") granted to the Reporting Person under the Issuer's Plan and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 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.

Remarks:

Chief Executive Officer and President Exhibit List: Exhibit 24- Power of Attorney