Form 4: Director Randall J. Larson Acquires ONEOK Phantom Stock

ONEOK Inc. director Randall J. Larson acquired 1,845 shares of phantom stock through the company's deferred compensation plan.

Summary

• Director Randall J. Larson 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.
• Following this transaction, the director holds a total of 4,052 shares of phantom stock.
• The shares are settled in common stock upon the director's retirement or a designated date.

Sentiment

Score: 5

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

Positives

• Demonstrates director alignment with long-term company performance through equity-based compensation deferral.

Negatives

• None identified.

Risks

• Value of phantom stock is subject to the future market performance of ONEOK common stock.

Future Outlook

The filing does not provide forward-looking guidance regarding company operations, focusing solely on director compensation deferral.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice, signaling confidence in the issuer's long-term equity value.

Comparison to Industry Standards

• The use of phantom stock for director compensation is consistent with standard practices among large-cap energy infrastructure companies.
• The 1-for-1 conversion ratio is standard for deferred compensation plans in the midstream energy sector.

Stakeholder Impact

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

Next Steps

• Settlement of phantom stock into common stock upon the director's retirement or a designated date.

Key Dates

Keywords

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