OKE insider grant: 20,661 restricted stock units awarded to CCO

Rhea-AI Filing Summary

ONEOK Inc. insider award: Sheridan C. Swords, Executive Vice President and Chief Commercial Officer, was granted 20,661 restricted stock units (RSU 2025-S) on 09/23/2025 under the issuer's Equity Incentive Plan. The award vests in three tranches: 20% on 09/23/2026, 30% on 09/23/2027, and 50% on 09/23/2028. Dividend equivalents will be credited during vesting and paid in shares when units vest, with one share issued per vested unit including equivalents.

Positive

• 20,661 RSUs awarded to the Executive Vice President and Chief Commercial Officer, indicating targeted executive retention
• Clear vesting schedule (20% in 2026, 30% in 2027, 50% in 2028) provides transparency on award timing
• Dividend equivalents paid in shares ensure the award compounds in equity and aligns recipient with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine executive equity award aligns compensation with long-term performance without immediate share sale implications.

The Form 4 reports a non-derivative grant of 20,661 restricted stock units to the Chief Commercial Officer, delivered as time‑based RSUs with a three‑year vesting schedule (20%/30%/50%). The grant is recorded as an acquisition on 09/23/2025 and is payable in common stock including dividend equivalents. For investors, this is a standard retention and alignment tool; the filing does not disclose any exercised options, sales, or immediate changes in beneficial ownership beyond the RSU award.

Corporate Governance Expert

TL;DR: The grant follows typical equity‑compensation practice and includes dividend equivalents paid in stock at vesting.

The disclosure specifies the award terms clearly: vesting percentages and dates, treatment of dividend equivalents, and that the reporting person is an executive officer. The Form 4 is signed by an attorney‑in‑fact and contains required issuer and reporting person details. No departures from standard plan mechanics or unusual transfer/beneficial ownership structures are indicated in the filing.

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

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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).

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)
09/23/2025

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 2025-S	(1)	09/23/2025		A		20,661		(1)	(1)	Common Stock, par value $0.01	20,661	(1)	20,661	D

Explanation of Responses:

1. Restricted units awarded under the Issuer's Equity Incentive Plan. Twenty percent of the award will vest on 9/23/2026, thirty percent of the award will vest on 9/23/2027, and fifty percent of the award will vest on 9/23/2028. During the 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 with one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.

Remarks:

Executive Vice President and Chief Commercial Officer

	/s/ Patrick W. Cipolla, Attorney-in-Fact for Sheridan C. Swords	09/25/2025
	** 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.

FAQ

What insider transaction was reported for ONEOK (OKE)?

The Form 4 reports a grant of 20,661 restricted stock units to Sheridan C. Swords on 09/23/2025.

Who received the RSU award at OKE and what is their role?

The recipient is Sheridan C. Swords, identified as Executive Vice President and Chief Commercial Officer.

What is the vesting schedule for the RSU 2025-S grant?

Vesting is 20% on 09/23/2026, 30% on 09/23/2027, and 50% on 09/23/2028.

How are dividend equivalents handled for the award?

Dividend equivalents are credited during vesting and will be paid in shares at the time the underlying units vest.

Does the Form 4 show any sale or disposition of OKE shares by the reporting person?

No. The filing records an acquisition of RSUs and shows 20,661 shares beneficially owned following the transaction; no sales are reported.