Form 4: Director Brian Derksen Increases Phantom Stock in ONEOK

ONEOK Inc. director Brian L. Derksen acquired 1,845 shares of phantom stock through the company's deferred compensation plan.

Summary

• Director Brian L. Derksen acquired 1,845 shares of phantom stock on May 20, 2026.
• The acquisition was made under the Issuer's Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock is convertible into common stock on a 1-for-1 basis.
• The transaction price was $92.15 per share.
• Following this transaction, the director holds a total of 41,803 shares of phantom stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.

Positives

• Demonstrates director confidence through continued participation in the deferred compensation plan.
• Alignment of director interests with long-term shareholder value.

Risks

• Value of phantom stock is subject to the market performance of ONEOK common stock.
• Liquidity of phantom stock is restricted until retirement or a designated settlement date.

Future Outlook

The phantom stock will be settled in shares of common stock upon the director's retirement or a previously designated date.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice in the energy sector, signaling long-term commitment to the company's equity performance.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices among large-cap energy infrastructure companies like Williams Companies or Kinder Morgan.
• The 1-for-1 conversion ratio is a standard industry benchmark for deferred compensation equity vehicles.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation deferral.

Next Steps

• Settlement of phantom stock into common shares upon director retirement or designated date.

Key Dates

Keywords

ONEOK, OKE, Insider Trading, Form 4, Director Compensation, Phantom Stock