0000950170-24-014798.txt : 20240213
0000950170-24-014798.hdr.sgml : 20240213
20240213190014
ACCESSION NUMBER: 0000950170-24-014798
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231231
FILED AS OF DATE: 20240213
DATE AS OF CHANGE: 20240213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Byers Deborah L
CENTRAL INDEX KEY: 0001935696
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38048
FILM NUMBER: 24630947
MAIL ADDRESS:
STREET 1: C/O EXCELERATE ENERGY, INC.
STREET 2: 2445 TECHNOLOGY FOREST BLVD., LEVEL 6
CITY: THE WOODLANDS
STATE: TX
ZIP: 77381
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Kinetik Holdings Inc.
CENTRAL INDEX KEY: 0001692787
STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 814675947
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2700 POST OAK BLVD.
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 713-621-7330
MAIL ADDRESS:
STREET 1: 2700 POST OAK BLVD.
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77056
FORMER COMPANY:
FORMER CONFORMED NAME: Altus Midstream Co
DATE OF NAME CHANGE: 20181113
FORMER COMPANY:
FORMER CONFORMED NAME: Kayne Anderson Acquisition Corp
DATE OF NAME CHANGE: 20161220
5
1
ownership.xml
5
X0508
5
2023-12-31
0
0
0001692787
Kinetik Holdings Inc.
KNTK
0001935696
Byers Deborah L
2700 POST OAK BLVD., SUITE 300
HOUSTON
TX
77056
true
false
false
false
false
Class A Common Stock
7686
D
Deferred Stock Units
Class A Common Stock
6647
D
Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the reporting person's termination from service with Kinetik Holdings Inc. (the "Company").
While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are
reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and pursuant to the reporting person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note I above. Amount reported includes 324 additional RSUs stock by Ms. Byers since the date of Ms. Byers' last Form 4 in connection with the reinvestment of dividends described herein.
The reporting person received a grant of deferred stock units ("DSUs") in lieu of director cash compensation. Once vested, each DSU represents a contingent right to receive an amount in cash equal to the value of one share of the Company's Class A common stock. 1,091 DSUs vested on April 1, 2023, 1,091 DSUs vested on July 1, 2023, 1,091 vested on October 1, 2023 and 1,091 DSUs vested on January 1, 2024. Pursuant to the reporting person's election under the Plan,, settlement of vested DSUs has been deferred until the reporting person's termination from service with the Company.
While the DSUs remain outstanding, an amount equal to the dividends that would have been paid on the DSUs had they been in the form of common stock will be reinvested into additional DSUs based on the same amount at which dividends are reinvested pursuant to the DRIP. The additional DSUs are subject to the same vesting schedule described above for the initial DSUs meaning that such additional DSUs are immediately vested as the the initial DSUs have already fully vested and pursuant to the reporting person's election under the Plan, such vested additional DSUs will be settled at the same time as the initial DSUs subject to the award. Amount reported includes 440 additional DSUs acquired by Ms. Byers since the date of Ms. Byers's last Form 4 in connection with the reinvestment of dividends describe herein.
/s/ Todd Carpenter, Attorney-In-Fact
2024-02-13