0001549922-24-000019.txt : 20240122 0001549922-24-000019.hdr.sgml : 20240122 20240122085208 ACCESSION NUMBER: 0001549922-24-000019 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240118 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mault William J. CENTRAL INDEX KEY: 0001911803 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35666 FILM NUMBER: 24547203 MAIL ADDRESS: STREET 1: 910 LOUISIANA STREET, SUITE 4200 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Midstream Partners, LP CENTRAL INDEX KEY: 0001549922 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 455200503 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 910 LOUISIANA STREET STREET 2: SUITE 4200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 832-413-4770 MAIL ADDRESS: STREET 1: 910 LOUISIANA STREET STREET 2: SUITE 4200 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Summit Midstream Partners LP DATE OF NAME CHANGE: 20120514 4 1 wk-form4_1705931519.xml FORM 4 X0508 4 2024-01-18 0 0001549922 Summit Midstream Partners, LP SMLP 0001911803 Mault William J. C/O SUMMIT MIDSTREAM PARTNERS, LP 910 LOUISIANA STREET, SUITE 4200 HOUSTON TX 77002 0 1 0 0 See remarks below. 0 Phantom Units 2024-01-18 4 A 0 30364 0 A Common Units 30364 30364 D Phantom Units 2024-01-18 4 A 0 20243 0 A Common Units 20243 20243 D Each phantom unit is the economic equivalent of one common unit. One-third of the phantom 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 January 18, 2024 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 phantom 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 phantom units. The phantom units and associated DERs do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer. The phantom units shall vest if and to the extent that the phantom units are earned during the performance period from January 1, 2024 through December 31, 2026, which will depend on whether the performance criteria are achieved as determined by the committee as soon as reasonably practicable, but no later than Friday, March 6, 2027. The vesting of the phantom units is subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive DERs for each phantom 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 phantom units. After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 138,662 phantom units. This total includes phantom units from other tranches with different vesting dates. The Reporting Person is Executive Vice President and Chief Financial Officer of Summit Midstream GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. /s/ James D. Johnston, Attorney-in-Fact for William J. Mault 2024-01-22