Equity grant at ONEOK (NYSE: OKE) gives executive 24,628 RSUs

Rhea-AI Filing Summary

ONEOK Inc. reported that officer Walter S. Hulse III received a grant of 24,628 restricted stock units labeled RSU 2026. These units were awarded under the company’s Equity Incentive Plan at no purchase price.

The award vests on February 18, 2029. During the 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 and are issued. Each vested restricted unit, including those from dividend equivalents, will convert into one share of ONEOK common stock. The filing notes this grant represents 50% of Hulse’s annual Equity Incentive Plan award granted in 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^*

HULSE WALTER S III

(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		24,628		(1)	(1)	Common Stock, par value $0.01	24,628	(1)	24,628	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:

Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development - Exhibit 24 - Power of Attorney

	/s/ Sarah M. Rechter, Attorney-in-Fact for Walter S. Hulse III	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).
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FAQ

What did Walter S. Hulse III receive in this ONEOK (OKE) Form 4 filing?

Walter S. Hulse III received 24,628 restricted stock units (RSU 2026) from ONEOK. The grant was made under the company’s Equity Incentive Plan at no purchase price and is treated as an equity-based compensation award for the officer.

When do the 24,628 ONEOK (OKE) RSU 2026 restricted units vest?

The 24,628 RSU 2026 restricted units granted to Walter S. Hulse III vest on February 18, 2029. Vesting means the units convert into shares of ONEOK common stock, subject to the terms and conditions of the company’s Equity Incentive Plan.

How are dividend equivalents handled on the ONEOK (OKE) RSU 2026 award?

During the three-year vesting period, the RSU 2026 award is credited with dividend equivalents. These dividend equivalents are paid in additional shares of ONEOK common stock when the underlying units vest and are issued, increasing the total shares ultimately delivered.

What portion of Walter S. Hulse III’s 2026 equity award does this ONEOK (OKE) grant represent?

The RSU 2026 grant represents 50% of Walter S. Hulse III’s annual Equity Incentive Plan award for February 2026. The filing specifies this allocation, indicating that the remainder of his 2026 equity compensation was granted in other forms or awards.

Does the ONEOK (OKE) RSU 2026 grant involve any cash transaction?

The RSU 2026 grant to Walter S. Hulse III was recorded at a price of $0.0000 per unit. This indicates there was no cash paid by the officer to receive the restricted stock units, consistent with a typical equity compensation award.