Form 4: OGE Energy Director Acquires Deferred Stock Units

OGE Energy Director Lyle G. Ganske acquired 1,620.4319 stock equivalent units through a deferred compensation plan.

Summary

• Lyle G. Ganske, a Director of OGE Energy Corp. (OGE), acquired 1,620.4319 stock equivalent units.
• The transaction occurred on December 9, 2025.
• These units were accrued under the Deferred Compensation Plan of OGE Energy Corp.
• The units are to be settled 100% in cash at a specified future date or following termination of service.
• The acquisition price for these units was $43.07 per unit.
• Following this transaction, Mr. Ganske beneficially owns 1,620.4319 derivative securities.
• The total beneficial ownership includes shares acquired through the reinvestment of dividends, which are exempt from reporting pursuant to Rule 16a-11.

Sentiment

Score: 6

Explanation: Slightly positive, as a director increasing their beneficial ownership, even if cash-settled and deferred, generally indicates confidence in the company's future performance and aligns their interests with shareholders.

Positives

• Director Lyle G. Ganske increased his beneficial ownership of OGE Energy Corp. through the acquisition of 1,620.4319 stock equivalent units, signaling continued alignment with shareholder interests.

Negatives

• The acquired stock equivalent units are settled 100% in cash, meaning the director does not directly hold common stock and is not subject to the same equity market risks or direct voting rights as a common shareholder.

Future Outlook

The acquired stock equivalent units are scheduled to be settled 100% in cash at a specified future date or upon termination of service.

Industry Context

This filing represents a routine insider transaction related to director compensation, which is common across publicly traded companies. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of stock equivalent units under the OGE Energy Corp. Deferred Compensation Plan constitutes a related party transaction, as it involves compensation arrangements between the company and its director.

Stakeholder Impact

• Shareholders: The transaction may be viewed as a positive signal of director confidence in the company's long-term prospects, potentially reinforcing investor sentiment.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Settlement of the stock equivalent units in cash at a specified future date or upon termination of service.

Key Dates

Keywords

OGE Energy, OGE, Form 4, Insider Transaction, Director, Stock Equivalent Units, Deferred Compensation, Beneficial Ownership