ONE Gas (OGS) insider settles 6,281 vested units and related taxes
Rhea-AI Filing Summary
ONE Gas, Inc. insider Joseph L. McCormick reported routine equity compensation activity. On June 9, 2026, restricted units granted under the Amended and Restated Equity Compensation Plan (2018) vested in connection with his December 9, 2025 retirement and converted into 6,281 shares of common stock.
The filing shows tax-withholding dispositions of 1,459.117 shares at $76 per share to satisfy exercise price or tax liabilities, rather than open-market sales. McCormick continues to hold ONE Gas common stock directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,868.403 shares
Net Buy
9 txns
Insider
McCormick Joseph L
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Units 2023 | 1,223 | $76.00 | $93K |
| Exercise | Restricted Units 2024 | 1,926 | $76.00 | $146K |
| Exercise | Restricted Units 2025 | 3,132 | $76.00 | $238K |
| Exercise | Common stock, par value $0.01 | 1,272.855 | $76.00 | $97K |
| Exercise Price or Tax Liability | Common stock, par value $0.01 | 558.145 | $76.00 | $42K |
| Exercise | Common stock, par value $0.01 | 1,230.156 | $76.00 | $93K |
| Exercise Price or Tax Liability | Common stock, par value $0.01 | 539.422 | $76.00 | $41K |
| Exercise | Common stock, par value $0.01 | 824.509 | $76.00 | $63K |
| Exercise Price or Tax Liability | Common stock, par value $0.01 | 361.55 | $76.00 | $27K |
Holdings After Transaction:
Restricted Units 2023 — 0 shares (Direct);
Restricted Units 2024 — 0 shares (Direct);
Restricted Units 2025 — 0 shares (Direct);
Common stock, par value $0.01 — 76,775.423 shares (Direct)
Footnotes (1)
- F1. In conjunction with Mr. McCormick's retirement on December 9, 2025, distribution of restricted units awarded under Issuer's Amended and Restated Equity Compensation Plan (2018). The award vested on a pro-rata basis six months following the date of retirement in accordance with the terms of the grant agreement. The award and credited dividend equivalents are payable one share of the Issuer's common stock for each vested restricted unit and dividend equivalent.
Key Figures
Restricted units converted: 6,281 units
2025 restricted units: 3,132 units
2024 restricted units: 1,926 units
+5 more
8 metrics
Restricted units converted
6,281 units
Total Restricted Units 2023, 2024 and 2025 converted on June 9, 2026
2025 restricted units
3,132 units
Restricted Units 2025 converted into common stock
2024 restricted units
1,926 units
Restricted Units 2024 converted into common stock
2023 restricted units
1,223 units
Restricted Units 2023 converted into common stock
Tax-withheld shares
1,459.117 shares
Shares delivered for exercise price or tax liabilities
Withholding price
$76.00 per share
Price used in F-code tax-withholding dispositions
Exercise transactions
3 exercises, 6,281 shares
Derivative exercise/conversion activity summarized in transactionSummary
Tax-withholding events
3 transactions, 1,459.117 shares
Total F-code tax-withholding dispositions in this Form 4
Key Terms
Restricted Units, tax-withholding disposition, derivative exercise/conversion, Equity Compensation Plan (2018), +1 more
5 terms
Restricted Units financial
"Security titles include Restricted Units 2023, 2024 and 2025."
tax-withholding disposition financial
"transaction_action is listed as tax-withholding disposition for F-code entries."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action is derivative exercise/conversion for M-code transactions."
Equity Compensation Plan (2018) financial
"Footnote cites Issuer's Amended and Restated Equity Compensation Plan (2018)."
dividend equivalents financial
"Footnote notes credited dividend equivalents payable in common stock."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ONE Gas (OGS) report for Joseph L. McCormick?
ONE Gas reported that Joseph L. McCormick converted vested restricted units into common shares and had some shares withheld for taxes. The activity reflects routine equity compensation settlement rather than open-market purchases or sales.
How many ONE Gas (OGS) restricted units did Joseph McCormick convert?
Joseph McCormick converted 6,281 restricted units into ONE Gas common stock. These units came from awards labeled Restricted Units 2023, 2024 and 2025, all granted under the company’s Amended and Restated Equity Compensation Plan (2018).
How many tax-withholding transactions did ONE Gas (OGS) report for Joseph McCormick?
ONE Gas reported three tax-withholding transactions for Joseph McCormick. Together, these F-code entries covered 1,459.117 shares used to satisfy exercise price or tax liabilities tied to the vesting and conversion of restricted units.