Jerry L. Peters, a director at Summit Midstream Corp (NASDAQ:SMC), sold 10,000 shares of common stock on May 19, 2026. The transaction totaled $320,000, with shares sold at $32.00 each.
The sale comes as SMC stock trades near its 52-week high of $33.50, following a strong 29% gain over six months. According to Bond.az analysis, the stock trades slightly above its Fair Value of $31.72, suggesting limited upside.
The sale was conducted indirectly via a Joint Spousal Trust. Mr. Peters is a trustee and sole beneficiary along with his spouse. Following this, he indirectly holds 16,979 shares of Summit Midstream common stock.
In other news, Summit Midstream held its 2026 Annual Meeting, approving three Class II directors. Q1 2026 earnings showed steady performance. Strategic initiatives include expanding the Double E Pipeline and optimizing the balance sheet for long-term growth.
