0000950170-24-029568.txt : 20240311
0000950170-24-029568.hdr.sgml : 20240311
20240311202220
ACCESSION NUMBER: 0000950170-24-029568
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240307
FILED AS OF DATE: 20240311
DATE AS OF CHANGE: 20240311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stellato Steven
CENTRAL INDEX KEY: 0001644123
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38048
FILM NUMBER: 24739893
BUSINESS ADDRESS:
BUSINESS PHONE: 610-625-8000
MAIL ADDRESS:
STREET 1: 645 HAMILTON STREET
STREET 2: SUITE 500
CITY: ALLENTOWN
STATE: PA
ZIP: 18101
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
4
1
ownership.xml
4
X0508
4
2024-03-07
0001692787
Kinetik Holdings Inc.
KNTK
0001644123
Stellato Steven
2700 POST OAK BLVD., SUITE 300
HOUSTON
TX
77056
false
true
false
false
See Remarks
false
Class A Common Stock, par value $0.001
2024-03-07
4
A
false
12855
0.00
A
332044
D
Class A Common Stock, par value $0.001
2024-03-11
4
S
false
3179
35.57
D
328865
D
Class A Common Stock, par value $0.001
2024-03-07
4
A
false
16141
0.00
A
350160
D
Performance Share Units
2024-03-07
4
A
false
8452
0.00
A
Class A Common Stock, par value $0.001
8452
8452
D
Represents an award of fully vested shares of Class A Common Stock, par value $0.001 per share ("Class A Common Stock") of Kinetik Holding 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 2023 fiscal year.
Represents shares of Class A Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the award of vested shares in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2023 fiscal year.
Represents an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan (the "Plan") that will vest on January 1, 2027, 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.
Includes 5,154 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 5 filing.
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, 2024, through December 31, 2026.
EVP, Chief Accounting Officer, and Chief Administrative Officer
By: /s/ Todd Carpenter, Attorney-in-Fact
2024-03-11