ONEOK (OKE) awards 14,115 restricted stock units to executive S. C. Swords

Rhea-AI Filing Summary

SWORDS SHERIDAN C reported acquisition or exercise transactions in this Form 4 filing.

ONEOK INC reported that executive Sheridan C. Swords received a grant of 14,115 restricted stock units (RSUs) under the company’s Equity Incentive Plan, recorded as a derivative award with no cash paid per unit. The RSU award, labeled "RSU 2026," represents 50% of Swords’ annual equity incentive award for February 2026.

The units vest on February 18, 2029. During the three-year vesting period, the award will be credited with dividend equivalents, which will be paid in additional shares of common stock when the underlying units vest and are issued. Each vested restricted unit, including those from dividend equivalents, will be settled in one share of ONEOK common stock, increasing Swords’ direct equity-linked exposure to the company.

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

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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^*

SWORDS SHERIDAN C

(Last) (First) (Middle)

100 WEST FIFTH STREET

(Street)

TULSA OK 74103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ONEOK INC /NEW/ [ OKE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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

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
RSU 2026	(1)	02/18/2026		A		14,115		(1)	(1)	Common Stock, par value $0.01	14,115	(1)	14,115	D

Explanation of Responses:

1. Restricted units awarded under Issuer's Equity Incentive Plan. The award vests on February 18, 2029. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued. The award and credited dividend equivalents will be payable in one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents. This award represents 50% of the annual Equity Incentive Plan award granted to the reporting person in Febuary 2026.

Remarks:

Executive Vice President and Chief Commercial Officer - Exhibit 24 - Power of Attorney

	/s/ Sarah M. Rechter, Attorney-in-Fact for Sheridan C. Swords	02/20/2026
	** 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.
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FAQ

What insider transaction did ONEOK (OKE) report for Sheridan C. Swords?

ONEOK reported that executive Sheridan C. Swords received a grant of 14,115 restricted stock units under its Equity Incentive Plan. The award is recorded as a derivative acquisition with no cash price per unit and increases his direct equity-linked interest in ONEOK.

When do Sheridan C. Swords’ ONEOK (OKE) RSUs vest?

The 14,115 restricted stock units granted to Sheridan C. Swords vest on February 18, 2029. Over the three-year vesting period, the award will accrue dividend equivalents, which are paid in additional shares when the underlying RSUs vest and are issued as common stock.

How are dividend equivalents handled on Sheridan C. Swords’ ONEOK (OKE) RSUs?

During the three-year vesting period, dividend equivalents on the RSUs are credited and later paid out in shares of common stock. At vesting, each restricted unit, including those from dividend equivalents, converts into one share of ONEOK common stock for Swords.

What portion of Sheridan C. Swords’ 2026 equity award is this ONEOK (OKE) RSU grant?

The RSU grant represents 50% of Sheridan C. Swords’ annual Equity Incentive Plan award for February 2026. This means the 14,115 restricted stock units constitute half of his scheduled equity-based compensation granted for that award cycle.

Is Sheridan C. Swords’ ONEOK (OKE) RSU award held directly or indirectly?

The filing shows Sheridan C. Swords holds the 14,115 restricted stock units directly. The ownership code is listed as direct, with no indication of an intermediate entity such as a trust or LLC in the reported ownership details.