Form 4: ONEOK Director Randall J. Larson Defers Compensation into Phantom Stock

ONEOK Director Randall J. Larson acquired 2,095 shares of phantom stock on May 23, 2025, as part of a deferred compensation plan, aligning his interests with shareholders.

Summary

• Randall J. Larson, a Director of ONEOK INC /NEW/ (Ticker: OKE), acquired 2,095 shares of phantom stock on May 23, 2025.
• The phantom stock is convertible into ONEOK common stock on a 1-for-1 ratio.
• This acquisition represents an annual cash and/or stock retainer that Mr. Larson elected to defer under the Issuer's Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock was acquired at a price of $81.14 per share.
• Following this transaction, Randall J. Larson beneficially owns 2,095 shares of phantom stock directly.
• The phantom stock is settled in shares of Issuer common stock at a determination date or a designated date upon the reporting person's retirement.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a director's commitment and alignment with shareholder interests through the deferral of compensation into company stock. However, it is a routine transaction and not indicative of significant operational or financial news.

Positives

• Director Randall J. Larson's decision to defer annual compensation into phantom stock demonstrates alignment of interests with shareholders, as his compensation is now tied to the company's stock performance.
• The acquisition of 2,095 shares of phantom stock increases the director's beneficial ownership, indicating confidence in the company's future.

Future Outlook

This Form 4 filing reports a past transaction and does not contain explicit forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an individual director's compensation deferral and does not provide broader industry context or trends. ONEOK operates in the energy infrastructure sector, and such compensation practices are common among publicly traded companies.

Related Party Transactions

• Randall J. Larson, a Director of ONEOK INC /NEW/, acquired 2,095 shares of phantom stock as part of his annual compensation deferral under the company's Deferred Compensation Plan for Non-Employee Directors.

Stakeholder Impact

• Shareholders: The deferral of director compensation into company stock aligns the director's financial interests with those of the shareholders, potentially fostering more shareholder-centric decision-making.

Next Steps

• Phantom stock is accrued under the Issuer's Deferred Compensation Plan for Non-Employee Directors and is settled in shares of Issuer common stock at a determination date or a designated date upon the reporting person's retirement.

Key Dates

Keywords

ONEOK, OKE, Form 4, Insider Transaction, Director Compensation, Phantom Stock, Deferred Compensation, Executive Compensation, Energy Infrastructure