SEC Form 4 · accession 0001127602-19-007763
Equitrans Midstream Corp · ETRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Cudlipp Williams
Officer — VP & General Counsel
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 5:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001747009
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2019 | M | 2,383 | — | A | 2,549 | D | |
| Common Stock | Feb 20, 2019 | D | 2,383 | $20.02 | D | 166 | D | |
| Common StockF2 | Feb 20, 2019 | A | 5,776 | $0.00 | A | 5,942 | D | |
| Common StockF3 | Feb 20, 2019 | F | 1,645 | $19.81 | D | 4,297 | D | |
| Common Stock | holding | — | — | — | 3,205 | I | By Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 20, 2019 | M | 2,383 | D | — | — | Common Stock | 2,383 | 0 | D |
| Restricted Stock UnitsF4,F5 | — | Feb 20, 2019 | A | 2,398 | A | — | — | Common Stock | 2,398 | 2,398 | D |
Explanation of responses
- F1Each Restricted Stock Unit was a confirmed performance award under the EQT Corporation 2017 Value Driver Award Program (2017 VDA) representing a contingent right to receive in cash the economic equivalent of one share of Equitrans Midstream Corporation (Company) common stock. On February 20, 2019, the Restricted Stock Units vested and were paid out in cash based on the closing price of Company common stock on December 31, 2018.
- F2On February 20, 2019, performance awards under the EQT Corporation 2016 Incentive Performance Share Unit Program (2016 IPSUP) vested and were paid out in Company common stock.
- F3The Company withheld shares to satisfy the tax liability associated with the vesting and payout of awards under the 2016 IPSUP.
- F4Each Restricted Stock Unit is a confirmed performance award under the EQT Corporation 2018 Value Driver Award Program (2018 VDA) and represents a contingent right to receive in cash the economic equivalent of one share of Company common stock.
- F5The Restricted Stock Units will vest and be paid out in cash during the first quarter of 2020 provided that the recipient is employed by the Company on the date that the payment is made.