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

Mary M. Spears, Chief Accounting Officer and Senior Vice President, Finance and Tax at ONEOK Inc., reports transactions involving common stock following the vesting of performance and restricted units.

Summary

• On February 23, 2025, Mary M. Spears, a key executive at ONEOK Inc., engaged in transactions involving the company's common stock.
• These transactions were triggered by the vesting of performance units (PSU) and restricted stock units (RSU) awarded under ONEOK's Equity Incentive Plan.
• Specifically, 3,423.66 performance units vested, resulting in the acquisition of 3,423.66 shares of common stock.
• Additionally, 1,929.1 restricted units vested, leading to the acquisition of 1,929.1 shares of common stock.
• Spears also disposed of shares to cover tax obligations, with 1,510.66 shares sold at $98.1 per share related to the performance units and 908.1 shares sold at $98.1 per share related to the restricted units.
• Following these transactions, Spears directly owns 26,959.914 shares of ONEOK common stock and indirectly owns 7,890.414 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't contain overtly positive or negative information, reflecting a neutral sentiment.

Positives

• The vesting of performance and restricted units indicates that Spears has met certain performance criteria or time-based requirements set by ONEOK's Equity Incentive Plan.
• The transactions reflect a standard process of equity compensation and tax obligation fulfillment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of equity awards is a common practice in the industry to incentivize and retain key personnel.

Comparison to Industry Standards

• Equity compensation is a standard practice across the energy sector, with companies like Kinder Morgan, Enbridge, and Williams Companies utilizing similar plans to align management interests with shareholder value.
• The vesting schedules and performance metrics associated with these plans vary, but the underlying principle of rewarding performance and retention remains consistent.
• Form 4 filings are a common occurrence for publicly traded companies, ensuring transparency in insider transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine equity compensation and tax obligation fulfillment.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates