Equity grant: ONEOK (OKE) officer receives 14,115 time-vested RSUs

Rhea-AI Filing Summary

ONEOK Inc. officer Randy N. Lentz reported an equity award of 14,115 restricted stock units labeled “RSU 2026.” These restricted units were granted at a price of $0.00 per unit and are held as direct ownership.

The award was granted under ONEOK’s Equity Incentive Plan and is scheduled to vest on February 18, 2029. During the three-year vesting period, the units will be credited with dividend equivalents, which will be paid in additional shares of common stock when the underlying units vest. Each vested restricted unit, including any added through dividend equivalents, will convert into one share of ONEOK common stock. The filing notes that this grant represents 50% of Lentz’s annual Equity Incentive Plan award for February 2026.

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^*

Lentz Randy N

(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 Operating Officer

	/s/ Sarah M. Rechter, Attorney-in-Fact for Randy N. Lentz	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 Randy N. Lentz?

ONEOK reported that officer Randy N. Lentz received a grant of 14,115 restricted stock units. These “RSU 2026” awards were acquired at $0.00 per unit under ONEOK’s Equity Incentive Plan, increasing his directly held derivative securities by the same amount.

When do Randy N. Lentz’s ONEOK (OKE) restricted stock units vest?

The restricted stock units awarded to Randy N. Lentz are scheduled to vest on February 18, 2029. The filing describes a three-year vesting period, after which each vested restricted unit will be settled in one share of ONEOK common stock, including any units from dividend equivalents.

How many ONEOK (OKE) restricted stock units did Randy N. Lentz receive?

Randy N. Lentz received 14,115 restricted stock units designated as “RSU 2026.” The filing shows these as a single grant under ONEOK’s Equity Incentive Plan, bringing his total directly held derivative securities in this award series to 14,115 units following the transaction.

How are dividend equivalents handled on Randy N. Lentz’s ONEOK (OKE) RSUs?

During the three-year vesting period, the RSU award will be credited with dividend equivalents. These dividend equivalents will be paid out in additional shares of ONEOK common stock when the restricted units vest, effectively adding more restricted units that also convert one-for-one into common shares at vesting.

What portion of Randy N. Lentz’s 2026 ONEOK (OKE) equity award is this RSU grant?

The filing states that this RSU grant represents 50% of Randy N. Lentz’s annual Equity Incentive Plan award granted in February 2026. This indicates that the 14,115 restricted units form half of his total equity-based compensation award for that grant cycle.

What will Randy N. Lentz’s ONEOK (OKE) RSUs convert into at vesting?

At vesting, each restricted unit in this award will be payable in one share of ONEOK common stock. This includes both the originally granted 14,115 units and any additional restricted units created through credited dividend equivalents during the vesting period, all converting one-for-one into common shares.