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Filing Details

Accession Number:: 0002024218-25-000033
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-03-18 20:50:14
Reporting Period:: 2025-03-14

Filing Date:: 2025-03-18
Accepted Time:: 2025-03-18 20:50:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
2024218	Summit Midstream Corp	SMC	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1555671	Heath J Deneke	C/O Summit Midstream Corporation 910 Louisiana Street, Suite 4200 Houston TX 77002	Chairman, President And Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2025-03-15	17,934	$0.00	249,260	No	4	M	Direct
Common Stock	Disposition	2025-03-15	7,058	$37.44	242,202	No	4	F	Direct
Common Stock	Acquisiton	2025-03-15	25,993	$0.00	268,195	No	4	M	Direct
Common Stock	Disposition	2025-03-15	10,229	$37.44	257,966	No	4	F	Direct
Common Stock	Acquisiton	2025-03-15	30,015	$0.00	287,981	No	4	M	Direct
Common Stock	Disposition	2025-03-15	11,811	$37.44	276,170	No	4	F	Direct
Common Stock	Disposition	2025-03-17	533	$38.09	275,637	No	4	S	Direct
Common Stock	Disposition	2025-03-17	467	$38.96	275,170	No	4	S	Direct
Common Stock	Disposition	2025-03-18	950	$37.99	274,220	No	4	S	Direct
Common Stock	Disposition	2025-03-18	50	$38.48	274,170	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Corporation Restricted Stock Units	Acquisiton	2025-03-14	47,624	$0.00	47,624	$0.00
Common Stock	Corporation Restricted Stock Units	Acquisiton	2025-03-14	47,624	$0.00	47,624	$0.00
Common Stock	Corporation Restricted Stock Units	Disposition	2025-03-15	17,934	$0.00	17,934	$0.00
Common Stock	Corporation Restricted Stock Units	Disposition	2025-03-15	25,993	$0.00	25,993	$0.00
Common Stock	Corporation Restricted Stock Units	Disposition	2025-03-15	30,015	$0.00	30,015	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
342,628	No	4	A	Direct
390,252	No	4	A	Direct
372,318	No	4	M	Direct
346,325	No	4	M	Direct
316,310	No	4	M	Direct

Footnotes

Each corporation restricted stock unit is the economic equivalent of one common stock.
Common stocks being withheld to pay tax liability.
These Common Stocks were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $37.76 to $38.66, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 4 to this Form 4.
The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $38.78 to $39.35, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 5 to this Form 4.
The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These Common Stocks were sold in multiple transactions at prices ranging from $37.45 to $38.44, inclusive. The reporting person undertakes to provide to Summit Midstream Corporation, any security holder of Summit Midstream Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Stocks sold at each separate price within the ranges set forth in footnote 6 to this Form 4.
One-third of the corporation restricted stock 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 March 14, 2025, reference date, subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receivedistribution equivalent rights ("DERs") for each corporation restricted stock 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 corporation restricted stock units.
The corporation restricted stock units and associated DERs do not expire. The corporation restricted stock units are settled upon vesting in common stocks (on a one-for-one basis) or in cash, at the discretion of the Issuer.
The corporation restricted stock units shall vest if and to the extent that the corporation restricted stock units are earned during the performance period from January 1, 2025 through December 31, 2027, which will depend on whether the performance criteria are achieved as determined by the committee as soon as reasonably practicable, but no later than sixty (60) days following December 31, 2027, the last day of the Performance Period. The vesting of the corporation restricted stock units is subject to continued employment and accelerated vesting as provided in the applicable awardagreement. The Reporting Person will receive DERs for each corporation restricted stock 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 corporation restricted stock units.
The final one-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received DERs for each corporation restricted stock 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 corporation restricted stock units.
The final twenty percent of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, the third anniversary of the March 15, 2022, reference date. The Reporting Person received DERs for each corporation restricted stock 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 corporation restricted stock units.
One-third of the corporation restricted stock units subject to the original award agreement vested on March 15, 2025, and the final one-third of the corporation restricted stock units shall vest on the third anniversary of the March 15, 2023, reference date, subject to continued employment. The Reporting Person received DERs for each corporation restricted stock 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 corporation restricted stock units.