EnLink Midstream (ENLC) executive Seimon returned to the company 202,213 shares
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Insider transactions reported
Dilanka Seimon (EVP and CCO at EnLink Midstream LLC, ENLC) reported that they returned to the company 202,213 shares on Jan 31, 2025. After these transactions the filing shows 0 shares held directly.
- Reporting person
- Seimon Dilanka
- Role
- EVP and CCO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jan 31, 2025 | Sale back to the company (D) | Common Units1, 2 | -202,213 | - | - | 0 direct |
Holdings before and after
- Common Units: 202,213 to 0 direct
Footnotes from the filing
- 1. Pursuant to the Agreement and Plan of Merger, dated as of November 24, 2024 (the Merger Agreement ), by and among EnLink Midstream, LLC ( EnLink ), ONEOK, Inc. ( ONEOK ), Elk Merger Sub I, L.L.C. ( Merger Sub I ), a direct, wholly-owned subsidiary of ONEOK, Elk Merger Sub II, L.L.C., a direct, wholly-owned subsidiary of ONEOK, and EnLink Midstream Manager, LLC, the managing member of EnLink, each common unit representing limited liability company interests in EnLink ( EnLink Unit ) issued and outstanding immediately prior to the effective time of the merger between EnLink and Merger Sub I (the First Merger Effective Time ), was converted into the right to receive 0.1412 shares of ONEOK common stock ( ONEOK Common Stock and such ratio, the Exchange Ratio ). On January 31, 2025, the closing price of one share of ONEOK Common Stock was $97.17.
- 2. Additionally, pursuant to the Merger Agreement, each restricted incentive unit of EnLink ( EnLink RIU Award ) that was outstanding immediately prior to the First Merger Effective Time was assumed by ONEOK and converted into a time-based restricted stock unit award of ONEOK equal to the product obtained by multiplying (x) the number of EnLink Units subject to such EnLink RIU Award immediately prior to the First Merger Effective Time multiplied by (y) the Exchange Ratio, rounded up or down to the nearest whole share of ONEOK Common Stock and otherwise subject to the same terms and conditions (including as to vesting and forfeiture) as were applicable to such EnLink RIU Award immediately prior to the First Merger Effective Time.
Transaction codes in this filing
- Sale back to the company:
- Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
FAQ
What did Seimon report in this ENLC Form 4?
Dilanka Seimon (EVP and CCO at EnLink Midstream LLC, ENLC) reported that they returned to the company 202,213 shares on Jan 31, 2025. After these transactions the filing shows 0 shares held directly.
How many ENLC shares does Seimon hold after this filing?
The filing shows 0 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code D mean on an SEC Form 4?
Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
Historical context for ENLC
Earlier insider filings at ENLC
- Feb 1, 2025Director Adams Deborah G returned 92,280 units of Common Units to the company, closing all direct ownership in the company (SEC Form 4)
- Feb 1, 2025Director Echols Leldon E returned 182,305 units of Common Units to the company, closing all direct ownership in the company (SEC Form 4)
- Feb 1, 2025Director Cepak Tiffany Thom returned 35,556 units of Common Units to the company, closing all direct ownership in the company (SEC Form 4)
- Jan 25, 2025EVP and COO Pinto Walter was granted 31,139 units of Common Units and covered exercise/tax liability with 12,631 units of Common Units, increasing direct ownership by 6% to 345,560 units (SEC Form 4)
- Jan 25, 2025EVP and CFO Lamb Benjamin D was granted 128,018 units of Common Units and covered exercise/tax liability with 50,376 units of Common Units, increasing direct ownership by 16% to 557,962 units (SEC Form 4)
Quantisnow market dataNYSE
ENLC
EnLink Midstream LLC
- Market cap
- 30-day
- Sector
- Utilities
- Industry
- Natural Gas Distribution
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