Form 4: ONE Gas Director John William Gibson Reports Acquisition of Phantom Stock

Director John William Gibson reports acquiring phantom stock convertible to ONE Gas common stock through a deferred compensation plan.

Summary

• On May 23, 2024, John William Gibson, a director of ONE Gas, Inc., acquired 2,055 shares of phantom stock.
• This acquisition was made under ONE Gas' Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock is convertible into ONE Gas common stock on a 1-for-1 basis.
• The price of the derivative security was $63.24.
• Following the transaction, Gibson beneficially owns 22,181 derivative securities.
• The phantom stock is settled in shares of ONE Gas common stock at a distribution date described in the Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. There are no indications of significant positive or negative implications.

Positives

• The acquisition of phantom stock reflects continued participation in the company's deferred compensation plan.
• The director's increased holdings may signal confidence in the company's future performance.

Future Outlook

The phantom stock will be settled in shares of ONE Gas common stock at the distribution date described in the Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's compensation practices for non-employee directors.

Key Dates