Form 4: ONEOK Executive Kevin Burdick Acquires One Share of Common Stock
SEC Form 4
ONEOK Inc. executive Kevin Burdick acquired one share of common stock through the company's Employee Stock Award Program.
Summary
- On May 21, 2024, Kevin L. Burdick, an Executive Vice President and Chief Enterprise Services Officer at ONEOK Inc., acquired one share of common stock.
- The acquisition was made through ONEOK's Employee Stock Award Program at a price of $83.01 per share.
- Following the transaction, Burdick directly owns 157,761.1286 shares of ONEOK common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to executive compensation.
Positives
- The acquisition of stock through the Employee Stock Award Program aligns the executive's interests with those of the shareholders.
Industry Context
Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. These awards are part of a broader compensation strategy.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders by aligning executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of the stock acquisition. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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