Form 4: ONEOK Executive Scott D. Schingen Reports Share Acquisition

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

Summary

• On March 19, 2024, Scott D. Schingen, a Senior Vice President at ONEOK Inc., acquired one share of ONEOK's common stock.
• The acquisition was made through the Issuer's Employee Stock Award Program at a price of $78.39 per share.
• Following the transaction, Schingen directly owns 56,805.293 shares of ONEOK common stock and indirectly owns 1,200 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to executive compensation. There are no indications of significant positive or negative implications.

Positives

• The acquisition of shares through the Employee Stock Award Program indicates a potential alignment of the executive's interests with those of the company and its 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.

Comparison to Industry Standards

• Executive compensation packages often include stock awards to incentivize performance and long-term value creation.
• Companies like Enterprise Products Partners (EPD) and Kinder Morgan (KMI), which are also major players in the midstream energy sector, similarly utilize stock-based compensation for their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a single share acquisition by an executive.
• It may indirectly signal confidence in the company's future prospects.

Key Dates