Kevin L. Burdick - Feb 19, 2023 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Signature
By: Pat Cipolla, Attorney-in-Fact For: Kevin L. Burdick
Stock symbol
OKE
Transactions as of
Feb 19, 2023
Transactions value $
-$1,005,935
Form type
4
Date filed
2/22/2023, 06:42 PM
Previous filing
Feb 25, 2022
Next filing
Feb 24, 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 $654K +9.72K +7.56% $67.26 138K Feb 19, 2023 Direct
transaction OKE Common Stock, par value $.0.01 Tax liability -$293K -4.36K -3.15% $67.26 134K Feb 19, 2023 Direct
transaction OKE Common Stock, par value $.0.01 Award $354K +5.26K +3.92% $67.26 139K Feb 19, 2023 Direct
transaction OKE Common Stock, par value $.0.01 Tax liability -$156K -2.32K -1.66% $67.26 137K Feb 19, 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 PSU 2020 Award -$1.21M -18K -100% $67.26 0 Feb 19, 2023 Common Stock, par value $.0.01 18K Direct F1
transaction OKE RSU 2020 Award -$354K -5.26K -100% $67.26 0 Feb 19, 2023 Common Stock, par value $.0.01 5.26K Direct F2
* 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 Equity Incentive Plan. The award vested on February 19, 2023, for 54% of the performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group. 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 shares were issued. The award and credited dividend equivalents were payable one share of the Issuer's common stock for each vested performance unit including additional performance units resulting from dividend equivalents.
F2 Restricted units awarded under the Issuer's Equity Incentive Plan. The award vested on February 19, 2023. 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 was payable one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.