Form 4: ONEOK Executive Kevin L. Burdick Reports Acquisition of One Share of Common Stock

ONEOK Executive Vice President Kevin L. Burdick reports the acquisition of one share of common stock through the company's Employee Stock Award Program (ESAP).

Summary

• Kevin L. Burdick, an Executive Vice President at ONEOK Inc., reported acquiring one share of common stock on November 7, 2024.
• The acquisition was made through ONEOK's Employee Stock Award Program (ESAP) at a price of $104.14 per share.
• Following the transaction, Burdick directly owns 157,781.1286 shares of ONEOK common stock.
• The ESAP program is currently paused as the current allocation of shares has been fully awarded.
• The program is expected to resume after the 2025 annual shareholder meeting, where a request for additional shares will be made.
• The annual shareholder meeting typically takes place in May, and the official date will be communicated in the future.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document reports a routine transaction. The pause in the ESAP program is a minor negative, but the expectation of its resumption tempers any significant concern.

Positives

• The acquisition of shares through the ESAP program indicates a continued alignment of employee interests with shareholder value.

Risks

• The ESAP program is currently paused, which could temporarily affect employee morale or compensation expectations.

Future Outlook

The ESAP program is expected to resume after the 2025 annual shareholder meeting, pending approval for additional shares.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors monitoring management's alignment with shareholder interests.

Stakeholder Impact

• The temporary pause of the ESAP program may affect employee compensation and morale.
• Shareholders may be interested in the outcome of the vote on additional shares for the ESAP program at the 2025 annual meeting.

Next Steps

• The ESAP program will resume upon shareholder approval of additional shares at the 2025 annual meeting.
• The official date for the 2025 annual shareholder meeting will be set and communicated in the future.

Key Dates