Director at ONEOK (NYSE: OKE) defers board pay into phantom stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gobillot Lori reported acquisition or exercise transactions in this Form 4 filing.

ONEOK director Lori Gobillot reported a compensation-related award of 1,845 phantom stock units tied to ONEOK common stock. These units were granted at a reference price of $92.15 per unit and are part of the Deferred Compensation Plan for Non-Employee Directors.

The phantom stock is convertible into ONEOK common stock on a 1-for-1 basis and will be settled in shares at a determination date or a designated date upon Gobillot’s retirement. Following this award, her phantom stock balance increased to 9,209 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gobillot Lori

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock-OKE	1,845	$92.15	$170K

Holdings After Transaction: Phantom Stock-OKE — 9,209 shares (Direct, null)

Footnotes (1)

Shares of phantom stock are convertible into Issuer common stock on a 1-for-1 ratio. Annual cash and/or stock retainer elected to be deferred to phantom stock under the Issuer's Deferred Compensation Plan for Non-Employee Directors. Phantom stock is accrued under the Issuer's Deferred Compensation Plan for Non-Employee Directors and is settled in shares of Issuer common stock at the determination date or a designated date upon the reporting person's retirement.

Key Figures

Phantom stock units granted: 1,845 units Reference price per unit: $92.15 per unit Total phantom units after grant: 9,209 units +1 more

4 metrics

Phantom stock units granted 1,845 units Grant on 2026-05-20

Reference price per unit $92.15 per unit Phantom stock grant value

Total phantom units after grant 9,209 units Phantom stock balance following transaction

Conversion ratio 1-for-1 Phantom stock to ONEOK common stock

Key Terms

Phantom stock, Deferred Compensation Plan for Non-Employee Directors, 1-for-1 ratio, determination date

4 terms

Phantom stock financial

"Shares of phantom stock are convertible into Issuer 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

"Deferred Compensation Plan for Non-Employee Directors and is settled in shares of Issuer common stock"

1-for-1 ratio financial

"Shares of phantom stock are convertible into Issuer common stock on a 1-for-1 ratio."

determination date financial

"settled in shares of Issuer common stock at the determination date or a designated date"

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 09:03 AM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Gobillot Lori

(Last)

(First)

(Middle)

100 WEST FIFTH STREET

(Street)

TULSA

OKLAHOMA

74103

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock-OKE	⁽¹⁾	05/20/2026		A⁽²⁾		1,845		⁽³⁾	⁽³⁾	Common Stock, par value $0.01	1,845	$92.15	9,209	D

Explanation of Responses:

1. Shares of phantom stock are convertible into Issuer common stock on a 1-for-1 ratio.

2. Annual cash and/or stock retainer elected to be deferred to phantom stock under the Issuer's Deferred Compensation Plan for Non-Employee Directors.

3. Phantom stock is accrued under the Issuer's Deferred Compensation Plan for Non-Employee Directors and is settled in shares of Issuer common stock at the determination date or a designated date upon the reporting person's retirement.

Remarks:

	/s/ Sarah M. Rechter, Attorney-in-Fact for Lori A. Gobillot	05/22/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ONEOK (OKE) director Lori Gobillot report?

Lori Gobillot reported receiving 1,845 phantom stock units as compensation. The award is part of ONEOK’s Deferred Compensation Plan for Non-Employee Directors and is linked 1-for-1 to ONEOK common stock, settling in shares at a future date.

How many phantom stock units does Lori Gobillot hold at ONEOK (OKE) after this award?

After the new award, Lori Gobillot holds 9,209 phantom stock units. These units are deferred compensation that will be settled in ONEOK common stock at a determination date or at a designated date following her retirement from the board.

What is phantom stock in the context of ONEOK (OKE) director compensation?

Phantom stock is a deferred compensation instrument tied to ONEOK common shares. For Gobillot, each phantom stock unit converts into one share of ONEOK common stock and is settled at a specified future time rather than immediately.

What price per unit was used for Lori Gobillot’s ONEOK (OKE) phantom stock grant?

The phantom stock grant used a reference price of $92.15 per unit. This price applies to the 1,845 phantom stock units awarded as part of the non-employee director deferred compensation program at ONEOK.

When will Lori Gobillot’s ONEOK (OKE) phantom stock be settled into common shares?

The phantom stock will be settled in ONEOK common shares at a determination or designated retirement date. Under the Deferred Compensation Plan, settlement occurs either at a specified determination date or upon Gobillot’s retirement from the board.