ONE Gas director settles 5,638 phantom stock units
ONE Gas, Inc. director Pattye L. Moore exercised deferred equity awards tied to prior service, converting 5,638 phantom stock units into the same number of shares of common stock on June 3, 2026.
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Form Type
4
Rhea-AI Filing Summary
ONE Gas, Inc. director Pattye L. Moore exercised deferred equity awards tied to prior service, converting 5,638 phantom stock units into the same number of shares of common stock on June 3, 2026. Following this settlement, she holds 6,088 common shares directly and 50,714 phantom stock units subject to prior deferral elections.
Insider Trade Summary
5,638 shares exercised/converted
Exercise
2 txns
Insider
MOORE PATTYE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 5,638 | $77.74 | $438K |
| Exercise | Common stock, par value $0.01 | 5,638 | $77.47 | $437K |
Holdings After Transaction:
Phantom Stock — 50,714 contracts (Direct);
Common stock, par value $0.01 — 6,088 shares (Direct)
Footnotes (2)
- F1. Pursuant to the ONEOK distribution the reporting person received one share of ONE Gas common stock for every four shares of ONEOK common stock on January 21, 2014. Represents settlement of deferred stock units credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors (the "Plan"), payable in shares of common stock and convertible on a 1-for-1 ratio pursuant to the ONE Gas, Inc. Amended and Restated Equity Compensation Plan (2018) following the reporting person's retirement from ONEOK, Inc. on May 20, 2026. 5,638 phantom stock units, including dividend-equivalent units credited through the June 2, 2026, dividend payment date, were settled in shares of common stock on June 3, 2026.
- F2. The reporting person continues to hold phantom stock units subject to prior deferred distribution elections, which remain payable pursuant to the Plan.
Key Figures
Common shares acquired: 5,638 shares
Price reference for common stock: $77.47 per share
Common shares after transaction: 6,088 shares
+3 more
6 metrics
Common shares acquired
5,638 shares
Shares received from phantom stock settlement on June 3, 2026
Price reference for common stock
$77.47 per share
Transaction price reported for 5,638 common shares
Common shares after transaction
6,088 shares
Direct holdings of ONE Gas common stock following settlement
Phantom stock units exercised
5,638 units
Phantom stock converted into common shares on a 1-for-1 basis
Phantom stock units remaining
50,714 units
Phantom stock balance after the reported conversion
Phantom unit transaction price
$77.74 per unit
Price per phantom stock unit in the derivative transaction
Key Terms
phantom stock, Deferred Compensation Plan for Non-Employee Directors, dividend-equivalent units, Amended and Restated Equity Compensation Plan (2018), +1 more
5 terms
phantom stock financial
"Represents settlement of deferred stock units credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors (the "Plan"), payable in shares of common stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Non-Employee Directors financial
"deferred stock units credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors (the "Plan"), payable in shares of common stock"
dividend-equivalent units financial
"5,638 phantom stock units, including dividend-equivalent units credited through the June 2, 2026, dividend payment date, were settled in shares of common stock"
Amended and Restated Equity Compensation Plan (2018) financial
"convertible on a 1-for-1 ratio pursuant to the ONE Gas, Inc. Amended and Restated Equity Compensation Plan (2018)"
phantom stock units financial
"The reporting person continues to hold phantom stock units subject to prior deferred distribution elections, which remain payable pursuant to the Plan."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ONE Gas (OGS) disclose for Pattye L. Moore?
ONE Gas reported that director Pattye L. Moore settled 5,638 phantom stock units into an equal number of common shares. This was a conversion of deferred director compensation, not an open-market stock purchase or sale.
What are the post-transaction holdings reported for Pattye L. Moore in ONE Gas (OGS)?
After the transaction, Pattye L. Moore holds 6,088 shares of ONE Gas common stock directly and 50,714 phantom stock units. The phantom units remain subject to prior deferred distribution elections under the company’s deferred compensation plan.
What is the nature of the phantom stock units in ONE Gas (OGS) Form 4?
The phantom stock units represent deferred stock credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors. They are payable in shares of common stock on a one-for-one basis under the company’s equity compensation plan after specified events.
How were dividend-equivalent units handled in Pattye L. Moore’s ONE Gas (OGS) phantom stock?
The 5,638 phantom stock units settled into common shares include dividend-equivalent units credited through the June 2, 2026 dividend payment date. These additional units reflect dividends on deferred phantom stock accumulated before settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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