| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMC | Common Stock | Options Exercise | +17.9K | +7.75% | 249K | Mar 15, 2025 | Direct | F1 | ||
| transaction | SMC | Common Stock | Tax liability | -$264K | -7.06K | -2.83% | $37.44 | 242K | Mar 15, 2025 | Direct | F2 |
| transaction | SMC | Common Stock | Options Exercise | +26K | +10.73% | 268K | Mar 15, 2025 | Direct | F1 | ||
| transaction | SMC | Common Stock | Tax liability | -$383K | -10.2K | -3.81% | $37.44 | 258K | Mar 15, 2025 | Direct | F2 |
| transaction | SMC | Common Stock | Options Exercise | +30K | +11.64% | 288K | Mar 15, 2025 | Direct | F1 | ||
| transaction | SMC | Common Stock | Tax liability | -$442K | -11.8K | -4.1% | $37.44 | 276K | Mar 15, 2025 | Direct | F2 |
| transaction | SMC | Common Stock | Sale | -$20.3K | -533 | -0.19% | $38.09 | 276K | Mar 17, 2025 | Direct | F3, F4 |
| transaction | SMC | Common Stock | Sale | -$18.2K | -467 | -0.17% | $38.96 | 275K | Mar 17, 2025 | Direct | F3, F5 |
| transaction | SMC | Common Stock | Sale | -$36.1K | -950 | -0.35% | $37.99 | 274K | Mar 18, 2025 | Direct | F3, F6 |
| transaction | SMC | Common Stock | Sale | -$1.92K | -50 | -0.02% | $38.48 | 274K | Mar 18, 2025 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMC | Corporation Restricted Stock Units | Award | $0 | +47.6K | +16.14% | $0.00 | 343K | Mar 14, 2025 | Common Stock | 47.6K | Direct | F1, F7, F8 | |
| transaction | SMC | Corporation Restricted Stock Units | Award | $0 | +47.6K | +13.9% | $0.00 | 390K | Mar 14, 2025 | Common Stock | 47.6K | Direct | F1, F8, F9 | |
| transaction | SMC | Corporation Restricted Stock Units | Options Exercise | $0 | -17.9K | -4.6% | $0.00 | 372K | Mar 15, 2025 | Common Stock | 17.9K | Direct | F1, F8, F10 | |
| transaction | SMC | Corporation Restricted Stock Units | Options Exercise | $0 | -26K | -6.98% | $0.00 | 346K | Mar 15, 2025 | Common Stock | 26K | Direct | F1, F8, F11 | |
| transaction | SMC | Corporation Restricted Stock Units | Options Exercise | $0 | -30K | -8.67% | $0.00 | 316K | Mar 15, 2025 | Common Stock | 30K | Direct | F1, F8, F12 |
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).
| Id | Content |
|---|---|
| F1 | Each corporation restricted stock unit is the economic equivalent of one common stock. |
| F2 | Common stocks being withheld to pay tax liability. |
| F3 | These Common Stocks were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. |
| F4 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $37.76 to $38.66, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 4 to this Form 4. |
| F5 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $38.78 to $39.35, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 5 to this Form 4. |
| F6 | The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $37.45 to $38.44, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 6 to this Form 4. |
| F7 | One-third of the corporation restricted stock units (rounded down to the nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first, second and third anniversaries of the March 14, 2025, reference date, subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive distribution equivalent rights ("DERs") for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |
| F8 | The corporation restricted stock units and associated DERs do not expire. The corporation restricted stock units are settled upon vesting in common stocks (on a one-for-one basis) or in cash, at the discretion of the Issuer. |
| F9 | The corporation restricted stock units shall vest if and to the extent that the corporation restricted stock units are earned during the performance period from January 1, 2025 through December 31, 2027, which will depend on whether the performance criteria are achieved as determined by the committee as soon as reasonably practicable, but no later than sixty (60) days following December 31, 2027, the last day of the Performance Period. The vesting of the corporation restricted stock units is subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive DERs for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |
| F10 | The final one-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received DERs for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |
| F11 | The final twenty percent of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received DERs for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |
| F12 | One-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, and the final one-third of the corporation restricted stock units shall vest on the third anniversary of the March 15, 2023, reference date, subject to continued employment. The Reporting Person received DERs for each corporation restricted stock unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the corporation restricted stock units. |