Form 4: ONEOK Director Lori Gobillot Defers Compensation into Phantom Stock, Boosting Stake

ONEOK Inc. Director Lori Gobillot has acquired 2,095 shares of phantom stock by deferring her annual retainer, signaling continued alignment with shareholder interests.

Summary

• Lori Gobillot, a Director at ONEOK Inc. (OKE), acquired 2,095 shares of phantom stock on May 23, 2025.
• This acquisition resulted from her election to defer her annual cash and/or stock retainer into phantom stock under the company's Deferred Compensation Plan for Non-Employee Directors.
• Each phantom stock share is convertible into one share of ONEOK common stock.
• The transaction price for the phantom stock was $81.14 per share.
• Following this transaction, Ms. Gobillot beneficially owns 6,991 shares of phantom stock directly.
• The phantom stock is settled in shares of ONEOK common stock upon her retirement or a designated date.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director's decision to defer compensation into company stock demonstrates confidence and alignment with shareholder interests, although the impact on the overall company is minor.

Positives

• Director Lori Gobillot's decision to defer her annual retainer into phantom stock demonstrates strong alignment of her interests with those of shareholders.
• The increase in her beneficial ownership of phantom stock to 6,991 shares indicates a continued commitment to the company's long-term performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This specific Form 4 filing details an individual director's compensation deferral and stock acquisition, which is a routine insider transaction and does not directly relate to broader industry trends or competitor activities. It reflects standard corporate governance practices regarding director compensation.

Comparison to Industry Standards

• This Form 4 filing pertains to an individual director's compensation deferral and stock acquisition, which is a standard practice for aligning director interests with shareholders across various industries.
• It does not provide company-specific financial results or operational metrics that would allow for a direct comparison to global benchmarks or specific comparable companies/projects.

Corporate Governance

Related Party Transactions

• Lori Gobillot, a director of ONEOK Inc., acquired phantom stock as part of her compensation deferral under the company's Deferred Compensation Plan for Non-Employee Directors. This is a transaction between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The transaction indicates a director's confidence in the company, potentially signaling stability and long-term commitment from leadership.
• Management: The deferred compensation plan is a standard mechanism for aligning director interests with company performance.

Next Steps

• Phantom stock will be settled in shares of ONEOK common stock at a determination date or a designated date upon the reporting person's retirement.

Key Dates

Recommendation

Keywords

ONEOK, OKE, Form 4, SEC Filing, Insider Transaction, Director Compensation, Phantom Stock, Deferred Compensation, Stock Ownership, Corporate Governance