Form 4: ONE Gas Director Pattye L. Moore Increases Stake Through Deferred Compensation Plan

ONE Gas, Inc. Director Pattye L. Moore acquired 1,905 shares of phantom stock through a deferred compensation plan, increasing her beneficial ownership to 52,412 shares.

Summary

• Pattye L. Moore, a Director of ONE Gas, Inc. (OGS), acquired 1,905 shares of phantom stock on May 22, 2025.
• This acquisition was a result of an annual cash and/or stock retainer elected to be deferred into phantom stock under ONE Gas' Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock share is convertible into one share of ONE Gas common stock.
• The phantom stock was valued at $73.49 per share for this transaction.
• Following this transaction, Ms. Moore's total beneficial ownership of phantom stock increased to 52,412 shares.

Sentiment

Score: 6

Explanation: The transaction is a routine compensation deferral by a director, indicating continued alignment with the company's long-term performance. It's a neutral to slightly positive signal, as it shows the director is holding onto company equity.

Positives

• Director Pattye L. Moore increased her beneficial ownership in ONE Gas, Inc. by acquiring 1,905 shares of phantom stock, demonstrating continued alignment with shareholder interests.
• The acquisition was through a deferred compensation plan, indicating a long-term commitment by the director to the company's performance and a preference for equity over immediate cash.

Future Outlook

The filing itself does not provide forward-looking statements or guidance, as it is a report of a past insider transaction.

Industry Context

This Form 4 filing reflects a routine compensation deferral by a director at ONE Gas, Inc., a natural gas utility company. Such transactions are common across industries as a means for non-employee directors to align their interests with shareholders and defer income. It does not provide specific insights into broader industry trends beyond the company's standard compensation practices.

Comparison to Industry Standards

• The deferral of director compensation into company equity, such as phantom stock, is a common practice among publicly traded companies, including those in the utility sector.
• This practice aligns director incentives with long-term shareholder value, which is a widely accepted corporate governance standard.
• Specific comparable companies or projects are not detailed in this filing, as it focuses solely on an individual's transaction.

Stakeholder Impact

• Shareholders: The increase in director's beneficial ownership through deferred compensation aligns the director's interests with shareholders, potentially fostering long-term value creation.

Key Dates

Keywords

ONE Gas, OGS, Pattye L. Moore, Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Director Compensation, Beneficial Ownership