Pierce Norton - Feb 23, 2025 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Signature
/s/ Patrick W. Cipolla, Attorney-in-Fact for Pierce H Norton II
Stock symbol
OKE
Transactions as of
Feb 23, 2025
Transactions value $
-$2,086,079
Form type
4
Date filed
2/25/2025, 04:30 PM
Previous filing
Feb 21, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKE Common Stock, par value $0.01 Options Exercise +30.8K +33.94% 122K Feb 23, 2025 Direct F1
transaction OKE Common Stock, par value $0.01 Tax liability -$1.33M -13.6K -11.18% $98.10 108K Feb 23, 2025 Direct
transaction OKE Common Stock, par value $0.01 Options Exercise +17.4K +16.08% 125K Feb 23, 2025 Direct F1
transaction OKE Common Stock, par value $0.01 Tax liability -$753K -7.68K -6.12% $98.10 118K Feb 23, 2025 Direct

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 OKE 2022 PSU Award Options Exercise -30.8K -100% 0 Feb 23, 2025 Common Stock, par value $0.01 30.8K Direct F2
transaction OKE 2022 RSU Award Options Exercise -17.4K -100% 0 Feb 23, 2025 Common Stock, par value $0.01 17.4K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted units awarded under the Issuer's Equity Incentive Plan. The award vested on Feb. 23, 2025. During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and were issued. The award and credited dividend equivalents was payable one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.
F2 Performance units awarded under the Issuer's Equity Incentive Plan. The award vested on Feb. 23, 2025, for 50% of the performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group. During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and shares were issued. The award and credited dividend equivalents were payable one share of the Issuer's common stock for each vested performance unit including additional performance units resulting from dividend equivalents.

Remarks:

President and Chief Executive Officer