Kinder Morgan Executive Sells Shares Worth $184k in July 2026
Michael P. Garthwaite, a senior executive at Kinder Morgan (KMI), sold approximately 5,700 shares of Class P Common Stock for around $184,000 between July 16 and July 18, 2026, as disclosed in an SEC Form 4 filing. The transaction included the non-discretionary withholding of 4,145 shares to cover tax obligations after restricted stock units (RSUs) vested, along with a planned open-market sale of 1,550 shares under a Rule 10b5-1 trading plan established in December 2025. This type of structured transaction is common among insiders for liquidity and diversification purposes. Following the sales, Garthwaite retained ownership of approximately 51,963 Class P Common Stock shares with an estimated market value of $1.68 million as of July 17, 2026. The company reported strong financial results ahead of its earnings report in late July, including a beat on adjusted EPS and record quarterly net income. While the sale may raise questions among investors, it is likely part of routine tax planning rather than an indication of bearish sentiment toward Kinder Morgan's stock. Kinder Morgan remains one of North America’s largest energy infrastructure companies with a market cap exceeding $71 billion.
Tickers: $KMI
Topics: 10b5-1_plan executive_sales SEC_filing