Form 4: ONEOK Executive Scott D. Schingen Acquires Additional Share Through Employee Stock Award Program

ONEOK's Senior Vice President, Scott D. Schingen, reports the acquisition of one share of common stock through the company's Employee Stock Award Program.

Summary

• Scott D. Schingen, a Senior Vice President at ONEOK Inc, acquired one share of common stock on March 21, 2024, through the company's Employee Stock Award Program at a price of $79.47.
• Following this transaction, Schingen directly owns 56,806.293 shares of ONEOK common stock.
• Schingen also indirectly owns 1,200 shares through an IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive is generally viewed as a positive sign, indicating confidence in the company's future.

Positives

• The acquisition of shares through the Employee Stock Award Program demonstrates Schingen's continued investment in ONEOK.

Industry Context

Executive stock ownership is a common practice in publicly traded companies and is often viewed positively as it aligns the executive's interests with those of the shareholders.

Comparison to Industry Standards

• Executive stock ownership is a common practice across the energy industry.
• Companies like Kinder Morgan, Enterprise Products Partners, and Williams Companies also have similar programs to incentivize executive performance through stock awards.
• The level of ownership is typical for executives at similarly sized companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals executive confidence.

Key Dates