CURTIS DINAN - 28 Jun 2021 Form 4 Insider Report for ONE Gas, Inc. (OGS)

Role
Senior Vice President and Chief Operating Officer
Signature
/s/ Brian K. Shore, Attorney-in-Fact for Curtis L. Dinan
Issuer symbol
OGS
Transactions as of
28 Jun 2021
Transactions value $
$200,052
Form type
4
Filing time
30 Jun 2021, 16:05:17 UTC
Next filing
23 Feb 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OGS Performance Units 2021 Award $160,026 +2,107 +38.29% $75.95 7,610 28 Jun 2021 Common stock, par value $0.01 2,107 Direct F1
transaction OGS Restricted Units 2021 Award $40,025 +527 +38.3% $75.95 1,903 28 Jun 2021 Common stock, par value $0.01 527 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award will vest on February 17, 2024, for a percentage (0% to 200%) of the performance units awarded based upon the Issuer's total shareholder return compared to total stockholder return of a selected peer group. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and shares are issued. The award and credited dividend equivalents will be payable one share of the Issuer's common stock for each vested performance unit and dividend equivalent.
F2 Restricted units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award vests on February 17, 2024. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued. The award and credited dividend equivalents will be payable one share of the Issuer's common stock for each vested restricted unit and dividend equivalent.

Remarks:

Senior Vice President and Chief Operating Officer