Martin E. Grunst - 22 Feb 2022 Form 4 Insider Report for BOK FINANCIAL CORP (BOKF)

Role: EVP, Chief Risk Officer
Signature: /s/ Tamara Wagman, Power of Attorney
Issuer symbol: BOKF
Transactions as of: 22 Feb 2022
Net transactions value: -$16,564
Form type: 4
Filing time: 24 Feb 2022, 18:55:02 UTC
Previous filing: 13 Jan 2022
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOKF	Common Stock	Award	$0	+3,882	+13%	$0.000000	32,684	22 Feb 2022	Direct	F1
transaction	BOKF	Common Stock	Options Exercise	$0	+1,370	+4.2%	$0.000000	34,054	23 Feb 2022	Direct	F2
transaction	BOKF	Common Stock	Tax liability	$16,564	-165	-0.49%	$100.25	33,889	23 Feb 2022	Direct
transaction	BOKF	Common Stock	Disposed to Issuer		-4,908	-14%		28,981	23 Feb 2022	Direct	F3

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	BOKF	Phantom Stock	Award		+4,908	+337%		6,366	23 Feb 2022	Common Stock	4,908		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock which vests on January 14, 2025. Shares are subject to forfeiture (i) upon termination of employment prior to vesting, and (ii) if certain performance earnings per share targets established pursuant to BOKF Executive Incentive Plan are not met.
F2	Represents upward restricted stock adjustments based upon attainment of performance goals established pursuant to the BOKF Executive Incentive Plan for restricted stock awards made in 2019.
F3	In connection with the vesting on February 23, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 4,907.7777 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,907.7777 shares of phantom stock pursuant to BOKF's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,907.7777 shares of common stock in exchange for an equal number of shares of phantom stock.
F4	Each share of phantom stock represents a right to receive one share of common stock or, at BOKF's election, the cash value thereof.
F5	The phantom stock becomes payable upon the reporting person's termination of employment with BOKF.