Summit Midstream Corporation

01/22/2025 | Press release | Distributed by Public on 01/22/2025 17:19

Statement of Changes in Beneficial Ownership (Form 4)

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Deneke J Heath
2. Issuer Name and Ticker or Trading Symbol
Summit Midstream Corp [SMC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President and CEO
(Last) (First) (Middle)
C/O SUMMIT MIDSTREAM CORPORATION, 910 LOUISIANA STREET, SUITE 4200 		3. Date of Earliest Transaction (Month/Day/Year)
01/17/2025
(Street)
HOUSTON, TX 77002 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/17/2025 S(1) 1,000 D $40.11(2) 246,006 D
Common Stock 01/18/2025 M 32,755 A (3) 278,761 D
Common Stock 01/18/2025 F 9,435(4) D $41.57 269,326 D
Common Stock 01/21/2025 S(1) 1,000 D $42.06(5) 268,326 D
Common Stock 01/22/2025 S(1) 1,000 D $42.73(6) 267,326 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Corporation Restricted Stock Units (3) 01/18/2025 M 32,755 (7) (8) Common Stock 32,755 $ 0 295,004(9) D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Deneke J Heath
C/O SUMMIT MIDSTREAM CORPORATION
910 LOUISIANA STREET, SUITE 4200
HOUSTON, TX 77002 		Chairman, President and CEO

Signatures

/s/ James D. Johnston, Attorney-in-Fact for J. Heath Deneke 01/22/2025
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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 $38.48 to $41.95, 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 2 to this Form 4.
(3) Each corporation restricted stock unit is the economic equivalent of one common stock.
(4) Common stocks being withheld to pay tax liability.
(5) 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 $41.33 to $42.61, 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.
(6) 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 $41.54 to $43.89, 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.
(7) One-third of the corporation restricted stock units subject to the original award agreement vested on January 18, 2025, with the remaining corporation restricted stock units subject to vesting on the second and third anniversaries of the January 18, 2024 reference date, subject to continued employment. The Reporting Person received distribution 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.
(8) 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.
(9) This total includes corporation restricted stock units from other tranches with different vesting dates.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.