Form 4: ONEOK Executive Charles M. Kelley Reports Stock Transactions Following Vesting of Restricted and Performance Units

Charles M. Kelley, a Senior Vice President at ONEOK, reported the vesting and subsequent transactions of restricted stock units (RSUs) and performance stock units (PSUs) on February 23, 2025.

Summary

• On February 23, 2025, Charles M. Kelley, a Senior Vice President at ONEOK, had restricted stock units (RSUs) and performance stock units (PSUs) vest under the company's Equity Incentive Plan.
• The vesting of 6,847.31 performance units resulted in the acquisition of common stock.
• The vesting of 3,859.37 restricted units resulted in the acquisition of common stock.
• Following these transactions, Kelley directly owns 132,276.687 shares of ONEOK common stock.
• Kelley also indirectly owns 17,268.976 shares through a 401(k) plan.
• Disposals of 3,020.31 and 1,756.37 shares occurred to cover tax obligations at a price of $98.1.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Companies like Enterprise Products Partners (EPD) and Kinder Morgan (KMI), which are ONEOK's competitors, also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.

Key Dates