RSU vesting boosts ONEOK (NYSE: OKE) director Pierce Norton holdings
Filing Impact
Filing Sentiment
Form Type
4
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
17,588.457 shares exercised/converted
Mixed
3 txns
Insider
NORTON PIERCE
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU 2023 | 17,588.457 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 | 17,588.457 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 | 7,774.457 | $87.33 | $679K |
Holdings After Transaction:
RSU 2023 — 0 shares (Direct);
Common Stock, par value $0.01 — 135,556.363 shares (Direct)
Footnotes (1)
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FAQ
What did ONEOK (OKE) director Pierce Norton report in this Form 4?
Pierce Norton reported the vesting and conversion of 17,588.4574 restricted stock units into ONEOK common shares. The award was part of the company’s Equity Incentive Plan and included additional units from dividend equivalents accrued over a three-year vesting period.
What are dividend equivalents mentioned in ONEOK (OKE) director’s RSU award?
Dividend equivalents are credits added to restricted stock units during the vesting period, mirroring dividends on common shares. Under Norton’s award, these equivalents were paid out in additional restricted units and ultimately settled in common stock when the underlying units vested.