Pierce Norton - Jun 28, 2023 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Signature
By: Pat Cipolla, Attorney-in-Fact for Pierce H. Norton II
Stock symbol
OKE
Transactions as of
Jun 28, 2023
Transactions value $
-$358,702
Form type
4
Date filed
6/29/2023, 02:11 PM
Previous filing
Feb 24, 2023
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKE Common Stock, par value $0.01 Award $813K +13.4K +135.8% $60.52 23.3K Jun 28, 2023 Direct F1
transaction OKE Common Stock, par value $0.01 Tax liability -$359K -5.93K -25.4% $60.52 17.4K Jun 28, 2023 Direct

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 RSU-2021-2 Disposed to Issuer -$813K -13.4K -51.52% $60.52 12.6K Jun 28, 2023 Common Stock, par value $0.01 13.4K $60.52 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 23,828 restricted units were awarded to the participant under the Issuers Equity Incentive Plan upon becoming the Issuers President and CEO, effective 6/28/2021. Half of the award, including accumulated dividends, vested 6/28/2023, and the remaining half will vest on 6/28/2024. During the remaining vesting period, the award will continue to be credited with dividend equivalents that will be paid out in shares of common stock at the time the second half of the underlying units vest and are issued. The award and credited dividend equivalents are payable one share of the Issuers common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.