Form 4: ONE Gas Director Pattye L. Moore Reports Acquisition of Phantom Stock

Director Pattye L. Moore reports acquiring phantom stock convertible to ONE Gas common stock through a deferred compensation plan.

Summary

• Pattye L. Moore, a director of ONE Gas, Inc., filed a Form 4 on May 28, 2024, reporting a transaction on May 23, 2024.
• The transaction involved the acquisition of phantom stock convertible to ONE Gas common stock under the company's Deferred Compensation Plan for Non-Employee Directors.
• Moore acquired 2,055 shares of phantom stock at a price of $63.24 per share.
• Following the reported transaction, Moore beneficially owns 48,663 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the deferred compensation plan indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of phantom stock by a director signals confidence in the company's future performance.
• The Deferred Compensation Plan for Non-Employee Directors aligns the interests of directors with those of shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of phantom stock suggests a positive outlook from the director.

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders. Deferred compensation plans are a common way to provide this compensation.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies.
• The specifics of the plan, such as the vesting schedule and conversion ratio, would need to be compared to industry benchmarks to assess its competitiveness.
• Companies like Atmos Energy (ATO) and Southwest Gas (SWX) also have similar compensation plans for their directors, which could be used for comparison.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term success.

Key Dates