January 18, 2024 · Form 4 insider transaction
Sicinski Matthew B. bought 7,185 shares of Summit Midstream Partners, LP at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each phantom unit is the economic equivalent of one common unit.; 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.; 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.; After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 50,342 phantom units. This total includes phantom units from other tranches with different vesting dates.