Pierce Norton - Jun 28, 2021 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Role
President & CEO, Director
Signature
/s/ Patrick W. Cipolla, Attorney-in-Fact for Pierce H. Norton II
Stock symbol
OKE
Transactions as of
Jun 28, 2021
Transactions value $
$5,071,041
Form type
4
Date filed
6/29/2021, 10:07 AM
Next filing
Dec 29, 2021

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 2021 PSU Award Award $3M +54.1K $55.44 54.1K Jun 28, 2021 Common Stock, par value $0.01 54.1K Direct F1
transaction OKE 2021 RSU Award Award $750K +13.5K $55.44 13.5K Jun 28, 2021 Common Stock, par value $0.01 13.5K Direct F2
transaction OKE 2021-2 RSU Award Award $1.32M +23.8K $55.44 23.8K Jun 28, 2021 Common Stock, par value $0.01 23.8K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 54,113 Performance units awarded under the Issuers Equity Incentive Plan upon becoming the Issuers President and CEO, effective 6/28/2021. The award will vest on 2/17/2024, for a percentage (0%-200%) of the performance units awarded based upon the Issuers total shareholder return compared to total shareholder 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 Issuers common stock for each vested performance unit, including additional performance units resulting from dividend equivalents.
F2 13,528 Restricted units awarded under the Issuers Equity Incentive Plan upon becoming the Issuers President and CEO, effective 6/28/2021. The award vests on 6/28/2024. 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 Issuers common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.
F3 23,828 Restricted units awarded under the Issuers Equity Incentive Plan upon becoming the Issuers President and CEO, effective 6/28/2021. Half of the award will vest 6/28/2023, and the remaining half will vest on 6/28/2024. During the 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 Issuers common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.

Remarks:

The reporting person became President & CEO of ONEOK, Inc. on June 28, 2021.