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DT Midstream, Inc. — Director's Dealing 2021
Aug 3, 2021
30538_dirs_2021-08-03_ca667f45-9e53-4e94-860a-32eb6f8435af.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DT Midstream, Inc. (DTM)
CIK: 0001842022
Period of Report: 2021-07-01
Reporting Person: Jewell Jeffrey A (Executive V.P., CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-07-01 | Restricted Stock Units | $ | A | 2641.84 | Acquired | Common Stock (2641.84) | Direct | |
| 2021-07-01 | Restricted Stock Units | $ | A | 2311.61 | Acquired | Common Stock (2311.61) | Direct | |
| 2021-07-01 | Restricted Stock Units | $ | A | 29720.70 | Acquired | Common Stock (29720.70) | Direct | |
| 2021-07-01 | Restricted Stock Units | $ | A | 2641.84 | Acquired | Common Stock (2641.84) | Direct | |
| 2021-08-02 | Restricted Stock Units | $ | A | 48333 | Acquired | Common Stock (48333) | Direct |
Footnotes
F1: Pursuant to the Employee Matters Agreement dated as of June 25, 2021 between DTE Energy Company and the Issuer, the Reporting Person received restricted stock units of the Issuer to replace restricted stock and restricted stock units held by the Reporting Person immediately before the legal and structural separation of the Issuer from DTE Energy Company (the "Spin-off") that were granted to the Reporting Person pursuant to an equity plan of DTE Energy Company and were forfeited in connection with the Spin-off.
F2: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock with any fractional shares being paid in cash.
F3: This restricted stock unit will vest on January 30, 2022, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F4: This restricted stock unit will vest on January 29, 2023, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F5: This restricted stock unit will vest as to 55.56% of the shares subject to the restricted stock unit on May 4, 2023 and 44.44% of the shares subject to the restricted stock unit on May 4, 2026.
F6: This restricted stock unit will vest on January 27, 2024, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.
F7: This restricted stock unit will vest 25% on August 2, 2023, 25% on August 2, 2024 and 50% on August 2, 2025, subject to the Reporting Persons' continued employment with the Issuer through the applicable vesting date.