Form 4: ONEOK Executive Charles M. Kelley Reports Share Acquisition

Charles M. Kelley, a Senior Vice President at ONEOK, acquired one share of common stock through the company's Employee Stock Award Program.

Summary

• On March 28, 2024, Charles M. Kelley, a Senior Vice President at ONEOK Inc., acquired one share of common stock.
• The acquisition was made through the Issuer's Employee Stock Award Program at a price of $80.27 per share.
• Following the transaction, Kelley directly owns 125,691.5748 shares of ONEOK common stock.
• Kelley also indirectly owns 16,543.58 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction is routine and reflects standard executive compensation practices, indicating confidence in the company's future.

Positives

• The acquisition of shares through the Employee Stock Award Program demonstrates management's alignment with shareholder interests.

Industry Context

This type of transaction is common for executives who receive stock-based compensation as part of their overall remuneration package. It reflects a standard practice of aligning executive incentives with company performance.

Comparison to Industry Standards

• Executive stock ownership is a common practice across the energy industry, with companies like Kinder Morgan, Enbridge, and Williams Companies also utilizing stock-based compensation to incentivize their leadership.
• The level of ownership is typical for a senior executive, and the acquisition through an employee stock award program is a standard method for distributing equity.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of management's interests with those of shareholders.

Key Dates