Form 4: ONEOK Inc. Executive Scott D. Schingen Reports Acquisition of Common Stock

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

Summary

• On August 19, 2024, Scott D. Schingen, a Senior Vice President at ONEOK Inc., acquired one share of common stock.
• The acquisition was made through the Issuer's Employee Stock Award Program at a price of $88.4 per share.
• Following the transaction, Schingen directly owns 56,815.293 shares of ONEOK Inc. common stock and indirectly owns 1,200 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself is small and unlikely to significantly impact investor sentiment.

Positives

• The acquisition of stock through the Employee Stock Award Program aligns the executive's interests with those of the company and its shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Enterprise Products Partners (EPD) and Kinder Morgan (KMI) also have their executives file similar forms when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders.

Key Dates