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