Brian F. Brumfield - Feb 20, 2023 Form 4 Insider Report for ONE Gas, Inc. (OGS)

Role
Vice President, Chief Accounting Officer and Controller
Signature
/s/ Brian K. Shore, Attorney-in-Fact for Brian F. Brumfield
Stock symbol
OGS
Transactions as of
Feb 20, 2023
Transactions value $
$164,970
Form type
4
Date filed
2/22/2023, 03:06 PM
Previous filing
Nov 3, 2022
Next filing
Feb 21, 2024

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 2023 Award $124K +1.51K $81.79 1.51K Feb 20, 2023 Common stock, par value $0.01 1.51K Direct F1, F2
transaction OGS Restricted Units 2023 Award $41.2K +504 $81.79 504 Feb 20, 2023 Common stock, par value $0.01 504 Direct F3
* 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 14, 2026, 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 over the performance period from January 1, 2023, through December 31, 2025. The total shareholder return beginning stock price for the performance period is the average of the closing stock price for the 20 trading days immediately preceding the beginning of the performance period. The total shareholder return ending stock price for the performance period is the average of the closing price for the 20 trading days leading up to and including the last day of the performance period.
F2 (Continued from Footnote 1) 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 Amended and Restated Equity Compensation Plan (2018). The award vests on February 14, 2026. 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:

Vice President, Chief Accounting Officer and Controller