Form 4: ONEOK Executive Kevin L. Burdick Reports Stock Award and Tax-Related Share Disposition

ONEOK Inc. Executive Vice President Kevin L. Burdick reported the acquisition of 14 shares through an employee stock award program and the disposition of 7 shares for tax withholding purposes.

Summary

• Kevin L. Burdick, Executive Vice President and Chief Enterprise Services Officer of ONEOK Inc. (OKE), reported transactions on June 13, 2025.
• He acquired 14 shares of ONEOK common stock at a price of $83.75 per share.
• These shares were issued pursuant to the ONEOK, Inc. 2025 Employee Stock Award Program (2025 ESAP) following shareholder approval at the Issuer's 2025 Annual Meeting of Shareholders.
• The awards were discretionary, approved by the Board of Directors, and based on 14 share price milestones attained between November 7, 2024, and November 22, 2024.
• Concurrently, 7 shares of ONEOK common stock were disposed of at $83.75 per share to satisfy withholding taxes due in connection with the issuance.
• Following these transactions, Mr. Burdick beneficially owns 167,313.4 shares of ONEOK common stock.

Sentiment

Score: 6

Explanation: Slightly positive due to an executive receiving shares as part of an employee stock award program, indicating alignment with shareholder interests, though the transaction size is small and routine.

Positives

• An executive, Kevin L. Burdick, received 14 shares of common stock through an employee stock award program, indicating continued alignment of management interests with shareholders.
• The employee stock award program (2025 ESAP) was approved by shareholders, reflecting a transparent and governed approach to executive compensation.

Negatives

• 7 shares were disposed of to cover tax obligations related to the stock award, which is a standard practice but results in a net reduction of shares held from the initial award.

Risks

• No specific risks related to the company's operations or financial health are detailed in this Form 4 filing, as it primarily reports routine insider transactions.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance, strategic direction, or financial projections, as its scope is limited to reporting an insider transaction.

Industry Context

This Form 4 filing is a routine disclosure of an executive's stock transactions and does not provide information relevant to broader industry trends, competitive dynamics, or market conditions within the energy infrastructure sector.

Corporate Governance

Stakeholder Impact

• Shareholders: Experience minor dilution from the issuance of new shares under the ESAP, but also potentially benefit from increased alignment of executive interests with company performance.
• Employees: Eligible employees benefit from the 2025 ESAP, which provides equity compensation, potentially enhancing retention and motivation.

Next Steps

• The document does not outline any specific future actions, events, or milestones for the company, as its primary purpose is to report changes in beneficial ownership.

Key Dates

Keywords

ONEOK, OKE, SEC Form 4, Insider Transaction, Stock Award, Employee Stock Award Program, Executive Compensation, Share Ownership, Kevin L. Burdick