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BOK Financial (BOKF) EVP, CFO reports phantom stock vesting

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

BOK Financial Corp EVP and CFO Martin E. Grunst reported routine changes in his equity holdings. On January 13, 2026, 1,693 shares of phantom stock granted on February 28, 2023 vested. To cover taxes on this vesting, 147.5995 shares of common stock were disposed of at $122.64 per share. The remaining 1,545.4005 shares of phantom stock continue to be held as a derivative security.

Each phantom stock share represents the right to receive one share of BOK Financial common stock, or the cash value, and becomes payable upon Grunst’s termination of employment. After these transactions, he directly owned 34,045 shares of common stock and 15,185.9661 shares of phantom stock, which includes 150.8854 phantom shares acquired through a dividend reinvestment plan.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Grunst Martin E

(Last) (First) (Middle)
C/O FREDERIC DORWART, LAWYERS PLLC
124 EAST FOURTH STREET

(Street)
TULSA OK 74103

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BOK FINANCIAL CORP [ BOKF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, CFO
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/13/2026 F 147.5995 D $122.64 35,590.4005 D
Common Stock 01/13/2026 D 1,545.4005 D (1) 34,045 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (2) 01/13/2026 A 1,545.4005 (3) (3) Common Stock 1,545.4005 (1) 15,185.9661(4) D
Explanation of Responses:
1. Prior to issuance, the reporting person elected to defer receipt of 1,693 shares of phantom stock (restricted stock units) issued on February 28, 2023; which such phantom stock vested on January 13, 2026. On vesting, 147.5995 shares of the phantom stock were disposed of to pay the taxes on vesting. The remaining 1,545.4005 shares of phantom stock remain held by the reporting person as a derivative security.
2. Each share of phantom stock represents a right to receive one share of common stock, or at the Company's election, the cash value thereof.
3. The phantom stock becomes payable upon the reporting person's termination of employment with the Company.
4. Includes 150.8854 shares of BOKF phantom stock acquired under a BOKF dividend reinvestment plan since the date of the reporting person's last ownership report.
Tamara R. Sloan, Power of Attorney 01/15/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Bok Finl Corp

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8.08B
24.63M
60.67%
35.21%
1.54%
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