ONEOK director nets shares from RSU vesting
ONEOK director and officer Pierce Norton reported equity compensation activity tied to restricted stock units granted in 2023.
Rhea-AI Filing Summary
ONEOK director and officer Pierce Norton reported equity compensation activity tied to restricted stock units granted in 2023. On February 22, 2026, 17,588.4574 RSUs vested and were converted into the same number of shares of ONEOK common stock at no exercise price.
To cover tax obligations on this vesting, 7,774.4574 shares of common stock were disposed of through share withholding at a price of $87.33 per share, rather than an open-market sale. After these transactions, Norton directly owned 127,781.906 shares of ONEOK common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU 2023 | 17,588.4574 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 | 17,588.4574 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 | 7,774.4574 | $87.33 | $679K |
Footnotes (1)
- F1. Restricted units awarded under the Issuer's Equity Incentive Plan. The award vested on February 22, 2026. During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and were issued. The award and credited dividend equivalents was payable in one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.
FAQ
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What did ONEOK (OKE) director Pierce Norton report in this Form 4?
What are dividend equivalents mentioned in ONEOK (OKE) director’s RSU award?
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