Jewell Jeffrey A 4

What Happened Jeffrey A. Jewell, Executive Vice President and Chief Financial Officer of DT Midstream (DTM), received a grant of 5,287 restricted stock units (RSUs) on February 20, 2026. The Form 4 reports the award at $0.00 per share (no cash paid by the reporting person). These RSUs are derivative awards that represent a contingent right to receive one share each upon vesting.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (timely filing).
• Transaction type/code: Award/Grant (A); 5,287 RSUs granted at $0.00.
• Footnotes: Each RSU converts to one share (fractional shares paid in cash). The RSUs vest on February 20, 2029, subject to continued service, and include dividend equivalents under the long-term incentive plan.
• Shares owned after transaction: not reported in this filing.

Context Restricted stock units are compensation awards, not open-market purchases or sales. They do not represent immediate stock ownership or a cash investment by the insider; value will be realized only if/when the RSUs vest and convert to shares (or cash for fractionals). Such grants are common for executive compensation and should be interpreted as part of pay structure rather than a direct buy/sell signal.