William K. Shortridge - Mar 1, 2022 Form 3 Insider Report for ONE Gas, Inc. (OGS)

Role
Senior Vice President, Operations and Customer Service
Signature
/s/ Brian K. Shore, Attorney-in-Fact for William K. Shortridge
Stock symbol
OGS
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/14/2022, 04:05 PM
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OGS Common stock, par value $0.01 8.07K Mar 1, 2022 Direct
holding OGS Common stock, par value $0.01 1.28K Mar 1, 2022 by 401(k) Plan

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
holding OGS Performance Units 2014 Mar 1, 2022 Common stock, par value $0.01 2.7K $63.97 Direct F1
holding OGS Performance Units 2020 Mar 1, 2022 Common stock, par value $0.01 1.01K Direct F2
holding OGS Performance Units 2021 Mar 1, 2022 Common stock, par value $0.01 1.7K Direct F2
holding OGS Performance Units 2022 Mar 1, 2022 Common stock, par value $0.01 1.87K Direct F2
holding OGS Restricted Units 2020 Mar 1, 2022 Common stock, par value $0.01 338 Direct F3
holding OGS Restricted Units 2021 Mar 1, 2022 Common stock, par value $0.01 567 Direct F3
holding OGS Restricted Units 2022 Mar 1, 2022 Common stock, par value $0.01 468 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance units deferred in accordance with the Issuer's Amended and Restated Equity Compensation Plan (2018) (the "Plan"). The 2014 performance unit award vested on February 18, 2017, based upon the Issuer's total stockholder return compared to total stockholder return of a selected peer group. During the 3-year vesting period, the award was credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units are issued. The deferred performance units continue to accrue dividend equivalents until the underlying units are settled. 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, at the distribution date described in the Plan.
F2 Performance units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The performance unit award for 2020, 2021 and 2022 vests on February 18, 2023, February 17, 2024, and February 15, 2025, respectively, for a percentage (0% to 200%) of the performance units awarded based upon the Issuer's total stockholder 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.
F3 Restricted units awarded under the Issuer's Equity Compensation Plan. The restricted unit award for 2020, 2021 and 2022 vests on February 18, 2023, February 17, 2024, and February 15, 2025, respectively. 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, Operations and Customer Service