Form 4: OGE Energy Corp. Director David E. Rainbolt Reports Acquisition of Stock Equivalent Units

Director David E. Rainbolt reports the acquisition of stock equivalent units in OGE Energy Corp. through a deferred compensation plan.

Summary

• On October 1, 2024, David E. Rainbolt, a director of OGE Energy Corp., acquired 349.7567 stock equivalent units under the company's Deferred Compensation Plan.
• These units convert to common stock on a one-for-one basis and will be settled in cash at a future date or upon termination of service.
• The price of the stock equivalent units was $41.1.
• Following the transaction, Rainbolt directly owns 31,675.5378 shares of common stock, which includes shares acquired through reinvestment of dividends.
• The reporting was executed by William Sultemeier via Power of Attorney.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing relationship between the director and the company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of stock equivalent units demonstrates the director's continued investment in the company.
• The Deferred Compensation Plan provides a mechanism for long-term alignment of interests between the director and the company's shareholders.

Future Outlook

The stock equivalent units will be settled 100% in cash at a specified future date or following termination of service.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in the energy industry, aligning executive incentives with long-term shareholder value.
• Companies like Duke Energy and Southern Company also utilize deferred compensation plans for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the long-term performance of the company.

Key Dates