DTE ENERGY CO - 30 Jun 2021 Form 4 Insider Report for DT Midstream, Inc. (DTM)

Role
10%+ Owner
Signature
/s/Timothy E. Kraepel, Assistant Corporate Secretary
Issuer symbol
DTM
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
06 Jul 2021, 10:49:12 UTC
Previous filing
04 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTM Common Stock Other $0 +96,731,466 +9673147% $0.000000 96,732,466 30 Jun 2021 Direct F1
transaction DTM Common Stock Other $0 -96,732,466 -100% $0.000000* 0 01 Jul 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2021 DT Midstream, Inc. ("DT Midstream"), a Delaware corporation, distributed to DTE Energy Company ("DTE Energy"), its stockholder, 96,731,466 newly issued shares of common stock, par value $0.01 per share, of DT Midstream (the "DT Midstream Common Stock") in the form of a dividend.
F2 On July 1, 2021, DTE Energy disposed of all 96,732,466 shares of DT Midstream Common Stock issued and outstanding by distributing, as a pro rata dividend to DTE Energy's stockholders, one share of DT Midstream Common Stock for every two shares of DTE Energy Common Stock, held by each holder of record as of 5:00 p.m. New York City time on June 18, 2021, to effect the legal and structural separation of DT Midstream from DTE Energy.