Form 4: ONEOK Executive Pierce Norton Acquires Additional Share Through Employee Stock Award Program
SEC Form 4
ONEOK's President and CEO, Pierce Norton, reports the acquisition of one share of common stock through the company's Employee Stock Award Program.
Summary
- Pierce Norton, President and CEO of ONEOK Inc., acquired one share of common stock on March 19, 2024, through the company's Employee Stock Award Program at a price of $78.39.
- Following this transaction, Norton directly owns 73,393.5045 shares of ONEOK common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and alignment of interests with shareholders.
Positives
- The acquisition of shares 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. This Form 4 filing is a routine disclosure required by the SEC.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Pierce Norton acquired one share of ONEOK common stock. |
| 03/21/2024 | Date of signature: Form 4 signed by Pat W. Cipolla, Attorney-in-Fact for Pierce H. Norton II. |
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