ONE Gas (OGS) director converts 19,976 phantom units into common stock
Rhea-AI Filing Summary
ONE Gas, Inc. director John William Gibson settled a long‑term compensation award by converting 19,976 phantom stock units into an equal number of common shares on June 3, 2026. These units came from deferred stock credited under the company’s non‑employee director deferred compensation plan, including dividend‑equivalent units through the June 2, 2026 dividend date.
Following this derivative exercise and share settlement, Gibson directly holds 292,670 shares of ONE Gas common stock. He also continues to hold 6,010 phantom stock units under prior deferred distribution elections, which remain payable in future installments according to the plan. The activity reflects compensation-related settlement rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 19,976 shares
Net Buy
2 txns
Insider
GIBSON JOHN WILLIAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 19,976 | $77.74 | $1.55M |
| Exercise | Common stock, par value $0.01 | 19,976 | $77.47 | $1.55M |
Holdings After Transaction:
Phantom Stock — 6,010 shares (Direct);
Common stock, par value $0.01 — 292,670 shares (Direct)
Footnotes (2)
- F1. 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 on May 21, 2026. 19,976 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 in future installments pursuant to the Plan.
Key Figures
Phantom units settled: 19,976 units/shares
Share price reference (common): $77.47 per share
Share price reference (phantom): $77.74 per unit
+4 more
7 metrics
Phantom units settled
19,976 units/shares
Deferred stock units settled into common shares on June 3, 2026
Share price reference (common)
$77.47 per share
Transaction price per share for common stock entry
Share price reference (phantom)
$77.74 per unit
Transaction price per phantom stock unit entry
Shares held after transaction
292,670 shares
Direct ONE Gas common stock holdings after settlement
Remaining phantom stock units
6,010 units
Phantom units still held after June 3, 2026
Retirement date
May 21, 2026
Director retirement triggering settlement under plan terms
Settlement date
June 3, 2026
Date 19,976 phantom units were settled into common shares
Key Terms
Phantom Stock, Deferred Compensation Plan, dividend-equivalent units, Equity Compensation Plan
4 terms
Phantom Stock financial
"The reporting person continues to hold phantom stock units subject to prior deferred distribution elections"
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 financial
"deferred stock units credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
dividend-equivalent units financial
"19,976 phantom stock units, including dividend-equivalent units credited through the June 2, 2026 dividend payment date"
Equity Compensation Plan financial
"convertible on a 1-for-1 ratio pursuant to the ONE Gas, Inc. Amended and Restated Equity Compensation Plan (2018)"
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ONE Gas (OGS) director John Gibson report?
John Gibson reported settling 19,976 phantom stock units into common shares. These units were deferred director compensation, converted on a one-for-one basis into ONE Gas common stock as part of a planned distribution under the company’s equity and deferred compensation plans.
What are phantom stock units in the ONE Gas (OGS) director plan?
Phantom stock units are deferred compensation credits that track ONE Gas stock value. Under the company’s non-employee director deferred compensation plan, these units, including dividend-equivalent units, are ultimately payable in shares of common stock on a one-for-one basis at specified distribution dates.
Does John Gibson still hold phantom stock units of ONE Gas (OGS)?
Yes. After settling 19,976 phantom stock units into shares, John Gibson continues to hold 6,010 phantom stock units. These remaining units are subject to prior deferred distribution elections and will be paid in future installments under the company’s deferred compensation plan.
Why were John Gibson’s ONE Gas (OGS) phantom units settled on June 3, 2026?
The footnotes state that 19,976 phantom stock units were settled in common shares on June 3, 2026 following John Gibson’s retirement on May 21, 2026. The settlement timing aligns with plan terms and includes dividend-equivalent units through the June 2, 2026 dividend payment date.