Robert S. McAnnally - 18 Feb 2025 Form 4 Insider Report for ONE Gas, Inc. (OGS)

Signature
/s/ Brian K. Shore, Attorney-in-Fact for Robert S. McAnnally
Issuer symbol
OGS
Transactions as of
18 Feb 2025
Net transactions value
+$1,897,476
Form type
4
Filing time
20 Feb 2025, 16:15:20 UTC
Previous filing
21 Feb 2024
Next filing
19 Feb 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGS Common stock, par value $0.01 Options Exercise $744,117 +10,403 +29% $71.53 46,739 18 Feb 2025 Direct F1
transaction OGS Common stock, par value $0.01 Tax liability $331,585 -4,636 -9.9% $71.53 42,104 18 Feb 2025 Direct F1
transaction OGS Common stock, par value $0.01 Options Exercise $372,078 +5,202 +12% $71.53 47,305 18 Feb 2025 Direct F2
transaction OGS Common stock, par value $0.01 Tax liability $164,087 -2,294 -4.8% $71.53 45,011 18 Feb 2025 Direct F2

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 2022 Options Exercise $1,338,398 -18,711 -100% $71.53 0 18 Feb 2025 Common stock, par value $0.01 18,711 Direct F1
transaction OGS Restricted Units 2022 Options Exercise $334,617 -4,678 -100% $71.53 0 18 Feb 2025 Common stock, par value $0.01 4,678 Direct F2
transaction OGS Performance Units 2025 Award $2,065,000 +28,869 $71.53 28,869 18 Feb 2025 Common stock, par value $0.01 28,869 Direct F3
transaction OGS Restricted Units 2025 Award $884,969 +12,372 $71.53 12,372 18 Feb 2025 Common stock, par value $0.01 12,372 Direct F4
* 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, including dividend equivalents, vested on February 15, 2025, in an amount equal to 50% of the performance units awarded based upon Issuer's total shareholder return compared to the total shareholder return of a selected peer group and was certified by the Executive Compensation Committee of the Board of Directors on February 17, 2025. The award was payable one share of Issuer's common stock for each vested performance unit and accrued dividends.
F2 Restricted units awarded under Issuer's Amended and Restated Equity Compensation Plan (2018). The award vested on February 15, 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 were payable one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from the dividend equivalents.
F3 Performance units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award will vest on February 19, 2028, 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, 2025, through December 31, 2027, in accordance with the terms of the Performance Unit Award Agreement. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out at the time the underlying units 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.
F4 Restricted units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award vests on February 19, 2028, in accordance with the terms of the Restricted Unit Award Agreement. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out at the time the underlying units 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:

President and Chief Executive Officer