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

Signature
/s/ Patrick W. Cipolla, Attorney-in-Fact for Pierce H. Norton II
Issuer symbol
OKE
Transactions as of
28 Jun 2021
Net transactions value
+$5,071,041
Form type
4
Filing time
29 Jun 2021, 10:07:04 UTC
Next filing
29 Dec 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 $3,000,025 +54,113 $55.44 54,113 28 Jun 2021 Common Stock, par value $0.01 54,113 Direct F1
transaction OKE 2021 RSU Award Award $749,992 +13,528 $55.44 13,528 28 Jun 2021 Common Stock, par value $0.01 13,528 Direct F2
transaction OKE 2021-2 RSU Award Award $1,321,024 +23,828 $55.44 23,828 28 Jun 2021 Common Stock, par value $0.01 23,828 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.