ONE Gas (OGS) awards 1,502.7 phantom stock units to non-employee director
Rhea-AI Filing Summary
STAVROPOULOS NICKOLAS reported acquisition or exercise transactions in this Form 4 filing.
ONE Gas, Inc. reported that director Nickolas Stavropoulos received a grant of 1,502.7058 shares of phantom stock on August 11, 2026. This award represents his annual stock retainer, which he elected to defer under ONE Gas' Deferred Compensation Plan for Non-Employee Directors and is settled in common shares at a future distribution date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STAVROPOULOS NICKOLAS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2, F3 | 1,502.7058 | $79.60 | $120K |
Holdings After Transaction:
Phantom Stock — 1,502.7058 shares (Direct)
Footnotes (3)
- F1. Shares of phantom stock are convertible into ONE Gas' common stock on a 1-for-1 ratio.
- F2. Annual stock retainer elected to be deferred to phantom stock under ONE Gas' Deferred Compensation Plan for Non-Employee Directors.
- F3. Phantom stock is accrued under ONE Gas' Deferred Compensation Plan for Non-Employee Directors (the "Plan") and is settled in shares of ONE Gas common stock at the distribution date described in the Plan.
Key Figures
Phantom stock units granted: 1,502.7058 units
Grant price per unit: $79.6000 per unit
Units held after transaction: 1,502.7058 units
+1 more
4 metrics
Phantom stock units granted
1,502.7058 units
Grant on 2026-08-11 as annual stock retainer deferred to phantom stock
Grant price per unit
$79.6000 per unit
Reported transaction price per phantom stock unit on 2026-08-11
Units held after transaction
1,502.7058 units
Total phantom stock holdings following the reported grant
Conversion ratio
1-for-1
Each phantom stock unit convertible into one share of common stock
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, distribution date
3 terms
Phantom Stock financial
"Shares of phantom stock are convertible into ONE Gas' common stock on a 1-for-1 ratio"
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
"Annual stock retainer elected to be deferred to phantom stock under ONE Gas' Deferred Compensation Plan for Non-Employee Directors"
distribution date financial
"settled in shares of ONE Gas common stock at the distribution date described in the Plan"
The distribution date is the day a company, fund, or trust actually pays out cash or other assets to its shareholders or unitholders. Think of it as the payday when owners receive dividends, interest, or capital gains distributions; it matters to investors because it determines when you get the money, can affect the security’s price that day, and has tax and cash-flow consequences.
FAQ
What transaction did ONE Gas (OGS) report for Nickolas Stavropoulos?
ONE Gas reported that director Nickolas Stavropoulos received 1,502.7058 shares of phantom stock as a grant on August 11, 2026, representing his annual stock retainer deferred under the company’s non-employee director compensation plan.
How many phantom stock units did the ONE Gas (OGS) director hold after the transaction?
After the August 11, 2026 grant, the director held 1,502.7058 phantom stock units. These units are accrued under ONE Gas’ Deferred Compensation Plan for Non-Employee Directors and remain outstanding until settlement at the plan’s distribution date.
What is the conversion ratio of ONE Gas (OGS) phantom stock to common stock?
ONE Gas discloses that each phantom stock unit is convertible into common stock on a 1-for-1 ratio. Upon settlement at the plan’s distribution date, the director will receive the same number of ONE Gas common shares as phantom units held.
What is the nature of the phantom stock grant reported by ONE Gas (OGS)?
The phantom stock grant is the director’s annual stock retainer, elected to be deferred into phantom stock under ONE Gas’ Deferred Compensation Plan for Non-Employee Directors, to be settled in common shares at a future distribution date specified by the plan.
Was the ONE Gas (OGS) phantom stock transaction a market purchase or sale?
No market purchase or sale occurred; the filing shows a grant/award acquisition of phantom stock units. The director received 1,502.7058 units as compensation, deferred under the non-employee directors’ deferred compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
