Janet L. Hogan - 22 Feb 2023 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Signature
By: Pat Cipolla, Attorney-in-Fact For: Janet Hogan
Issuer symbol
OKE
Transactions as of
22 Feb 2023
Net transactions value
+$750,028
Form type
4
Filing time
24 Feb 2023, 16:12:40 UTC
Previous filing
21 Sep 2022
Next filing
14 Sep 2023

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 2023 Award $600,009 +9,039 $66.38 9,039 22 Feb 2023 Common Stock, par value $.0.01 9,039 Direct F1
transaction OKE RSU 2023 Award $150,019 +2,260 $66.38 2,260 22 Feb 2023 Common Stock, par value $.0.01 2,260 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 Issuer's Equity Incentive Plan. The award will vest on February 22, 2026, for a percentage (0% to 200%) of performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group, subject to the certification by Executive Compensation Committee of the applicable performance requirements. 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 Issuer's common stock for each vested performance unit, including additional performance units resulting from dividend equivalents.
F2 Restricted units awarded under Issuer's Equity Incentive Plan. The award vests on February 22, 2026. 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 Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.