Form 4: ONE Gas Director Yves C. Siegel Reports Acquisition of Phantom Stock

Director Yves C. Siegel reports acquisition of phantom stock convertible to ONE Gas common stock.

Summary

• Yves C. Siegel, a director of ONE Gas, Inc., reported the acquisition of 1,688 shares of phantom stock on July 22, 2024.
• The phantom stock is convertible into ONE Gas common stock on a 1-for-1 basis.
• The acquisition was due to the annual stock retainer elected to be deferred to phantom stock under ONE Gas' Deferred Compensation Plan for Non-Employee Directors.
• The price of the derivative security is $68.52.
• Following the transaction, Siegel beneficially owns 1,688 derivative securities.
• The phantom stock is accrued under ONE Gas' Deferred Compensation Plan and is settled in shares of ONE Gas common stock at the distribution date described in the Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation.

Key Dates