THOMAS A. MARTIN - 06 Nov 2024 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Role
President
Signature
/s/ Thomas A. Martin
Issuer symbol
KMI
Transactions as of
06 Nov 2024
Transactions value $
-$502,530
Form type
4
Filing time
07 Nov 2024, 17:46:46 UTC
Previous filing
02 Aug 2024
Next filing
04 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMI Class P Common Stock Sale -$502,530 -19,121 -2.1% $26.28 897,652 06 Nov 2024 Direct F1, F2
holding KMI Class P Common Stock 277,950 06 Nov 2024 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on August 2, 2024 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.46 to $26.58 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3 Shares are held by a trust for the benefit of family members of Mr. Martin with respect to which Mr. Martin shares voting and disposition power. Mr. Martin disclaims any beneficial ownership of these shares.