Form 4: ONEOK Executive Kevin Burdick Reports Acquisition of Common Stock

ONEOK Inc. Executive Vice President Kevin Burdick reports acquiring one share of common stock through the company's Employee Stock Award Program.

Summary

• On March 19, 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 the Issuer's Employee Stock Award Program.
• The price of the stock was $78.39 per share.
• Following the transaction, Burdick directly owns 157,756.1286 shares of ONEOK Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of shares by an executive is generally viewed as a positive sign, but the impact of a single share is negligible.

Positives

• The acquisition of stock through the Employee Stock Award Program could be seen as a positive sign of confidence in the company's future.

Industry Context

Executive stock ownership is a common practice in publicly traded companies and is often used to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock awards, are common across the energy industry.
• Comparing Burdick's total holdings and recent acquisition to those of executives at companies like Kinder Morgan (KMI) or Williams Companies (WMB) could provide a benchmark for assessing the significance of this transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates