Form 4: Director Lori Gobillot Increases Stake in ONEOK Inc.
Statement of Changes in Beneficial Ownership
Director Lori Gobillot acquired 1,845 shares of phantom stock in ONEOK Inc. through the company's deferred compensation plan.
Summary
- Director Lori Gobillot acquired 1,845 shares of phantom stock.
- The transaction occurred on May 20, 2026.
- The shares were acquired at a price of $92.15 per share.
- The acquisition was made via the Issuer's Deferred Compensation Plan for Non-Employee Directors.
- Following this transaction, the director holds a total of 9,209 shares of phantom stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral for the stock price.
Positives
- Director demonstrates alignment with shareholder interests by deferring compensation into company equity.
Negatives
- None identified.
Risks
- Value of phantom stock is subject to the market performance of ONEOK Inc. common stock.
Future Outlook
The phantom stock will be settled in shares of common stock upon the director's retirement or a designated date.
Management Comments
- The acquisition represents an election to defer annual cash and/or stock retainers into the company's Deferred Compensation Plan.
Industry Context
StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice, signaling long-term commitment to the company's equity performance.
Comparison to Industry Standards
- The use of deferred compensation plans for non-employee directors is consistent with standard practices among S&P 500 energy companies.
- The 1-for-1 conversion ratio for phantom stock is a standard industry mechanism for director equity alignment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Election to defer compensation into phantom stock. | 05/20/2026 | Neutral; aligns director interests with long-term equity performance. |
Stakeholder Impact
- Shareholders: Positive signal of director confidence in long-term value.
Next Steps
- Settlement of phantom stock into common stock upon director retirement or designated date.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date of the phantom stock acquisition transaction. |
| 05/22/2026 | Date the Form 4 was filed with the SEC. |
Keywords
ONEOK, OKE, Director, Insider Trading, Phantom Stock, Deferred Compensation
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