Form 4: ONEOK Executive Swords Reports RSU Vesting, Share Transactions

ONEOK's EVP and Chief Commercial Officer, Sheridan C. Swords, reported the vesting of restricted stock units and subsequent share transactions for tax withholding.

Summary

• Sheridan C. Swords, Executive Vice President and Chief Commercial Officer of ONEOK INC /NEW/ (OKE), reported changes in beneficial ownership.
• On February 22, 2026, 4,924.5348 shares of common stock were acquired due to the vesting of Restricted Stock Units (RSU 2023) awarded under the Issuer's Equity Incentive Plan.
• The award included dividend equivalents that were paid out in shares of common stock upon vesting.
• Concurrently, 2,225.5348 shares of common stock were disposed of on February 22, 2026, at a price of $87.33 per share, likely to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Sheridan C. Swords beneficially owns 236,033.2818 shares of ONEOK common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents the successful execution of an executive compensation plan and demonstrates continued executive share ownership, which aligns interests with shareholders.

Positives

• The vesting of Restricted Stock Units indicates the successful completion of an equity incentive plan for a key executive.
• The executive's continued significant beneficial ownership of 236,033.2818 shares aligns management's interests with shareholders.

Negatives

• A portion of the vested shares (2,225.5348 shares) was disposed of, reducing the executive's direct holdings, though this is a standard practice for tax withholding upon RSU vesting.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive RSU vesting and subsequent tax-related share disposals are routine events in corporate compensation structures across all industries, reflecting standard practice for equity incentive plans.

Stakeholder Impact

• Shareholders: The executive's continued significant share ownership aligns their interests with those of shareholders.
• Employees: The successful vesting of RSUs demonstrates the company's commitment to its equity incentive plans, which can be a positive for employee morale and retention.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (RSU vesting and tax-related share disposal) and does not provide new information that would fundamentally alter the investment thesis for ONEOK. It confirms the executive's continued significant stake in the company, which is generally a positive for alignment, but it's not a catalyst for a 'buy' or 'sell' recommendation.

Keywords

ONEOK, OKE, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership, Sheridan C. Swords