Form 4: ONEOK Director Brian L. Derksen Increases Stake Through Deferred Compensation Plan

ONEOK Director Brian L. Derksen acquired 2,095 shares of phantom stock valued at $81.14 per share through the company's deferred compensation plan, increasing his total beneficial ownership to 37,932 shares.

Summary

• Brian L. Derksen, a Director of ONEOK Inc. (OKE), acquired 2,095 shares of phantom stock on May 23, 2025.
• The phantom stock was acquired at a price of $81.14 per share, totaling an approximate value of $170,073.30.
• This acquisition resulted from Mr. Derksen electing to defer his annual cash and/or stock retainer into phantom stock under the Issuer's Deferred Compensation Plan for Non-Employee Directors.
• Following this transaction, Mr. Derksen beneficially owns 37,932 shares of phantom stock.
• Phantom stock is convertible into ONEOK common stock on a 1-for-1 basis and is settled in shares upon a determination date or a designated date upon the reporting person's retirement.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a director through a deferred compensation plan is generally viewed positively as it aligns the director's financial interests with the long-term performance of the company and its shareholders. It indicates confidence in the company's future.

Positives

• The acquisition of phantom stock by a director indicates continued confidence in the company's future performance and aligns the director's interests with those of shareholders.
• Deferring compensation into company stock demonstrates a long-term commitment from the director and strengthens corporate governance by linking executive compensation to company performance.

Future Outlook

NA

Industry Context

This Form 4 filing reflects an individual director's compensation deferral decision rather than a broader industry trend or strategic move. However, insider holdings are generally viewed positively as they align management interests with shareholder value in the energy infrastructure sector.

Related Party Transactions

• The transaction involves a director deferring compensation into company phantom stock, which is a standard related-party transaction within corporate governance frameworks.

Stakeholder Impact

• Shareholders: Positive, as it indicates management's alignment with shareholder interests and confidence in the company's long-term prospects.

Key Dates

Keywords

ONEOK, OKE, Brian L. Derksen, Director, Insider Trading, Form 4, Phantom Stock, Deferred Compensation, Share Acquisition, Energy Infrastructure, Midstream