Kinder Morgan VP Executes Scheduled 10b5-1 Sale of Class P Common Stock

Insider Transaction Summary

• Company: Kinder Morgan, Inc. ($KMI)
• Insider: Michael P. Garthwaite, VP (Pres., Products Pipelines)
• Date of Transaction: September 16, 2026
• Security: Class P Common Stock
• Shares Sold: 1,550 shares at a weighted average price of $30.803 per share (ranging from $30.655 to $31.00)
• Gross Proceeds: $47,744.65
• Remaining Holdings: 48,863 direct shares

Analysis

1. Nature of Trade: The sale was executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025. Such plans are routinely put in place to schedule transactions in advance and reduce potential conflicts related to material non-public information.
2. Holding Impact: The disposition represents approximately 3.1% of the insider's prior direct position of 50,413 shares, leaving Mr. Garthwaite with a substantial majority of his equity stake (48,863 shares).
3. Market Significance: Low. Given the modest dollar size ($47.7k) and execution via an automated 10b5-1 trading plan, this transaction does not indicate a shift in insider sentiment.