Form 4: ONEOK Executive Sheridan C. Swords Reports Stock Transactions Following Vesting of Performance and Restricted Units

Sheridan C. Swords, an executive at ONEOK Inc, reported the vesting and subsequent transactions of performance and restricted stock units, resulting in adjustments to their beneficial ownership of common stock.

Summary

• On February 23, 2025, Sheridan C. Swords, an Executive Vice President and Chief Commercial Officer at ONEOK Inc, had performance units (PSU) and restricted stock units (RSU) vest under the company's Equity Incentive Plan.
• The vesting of 8,559.4 performance units resulted in the acquisition of the same number of common stock shares.
• Additionally, 4,823.33 restricted stock units vested, leading to the acquisition of an equivalent number of common stock shares.
• Following these transactions, Swords directly owns 233,087.4908 shares of ONEOK Inc.
• Shares were also disposed of to cover tax obligations at a price of $98.1.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of equity could be seen as a mild positive.

Positives

• The vesting of performance and restricted stock units indicates that certain performance metrics or time-based conditions were met, which could be viewed positively.

Industry Context

Executive compensation through equity grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates