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Equity grant: ONEOK (OKE) awards 12,098 RSU 2026 units to executive

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BURDICK KEVIN L reported acquisition or exercise transactions in this Form 4 filing.

ONEOK Inc. reported that executive Kevin L. Burdick received a grant of 12,098 restricted stock units (RSU 2026) under the company’s Equity Incentive Plan at a price of $0.00 per unit. The award vests on February 18, 2029, and will accrue dividend equivalents in additional units, all payable in shares of common stock upon vesting. According to the disclosure, this grant represents 50% of Burdick’s annual equity incentive award for February 2026.

Positive

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Negative

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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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
BURDICK KEVIN L

(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 12,098 (1) (1) Common Stock, par value $0.01 12,098 (1) 12,098 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 Enterprise Services Officer - Exhibit 24 - Power of Attorney
/s/ Sarah M. Rechter, Attorney-in-Fact for Kevin L. Burdick 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.
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 did ONEOK (OKE) executive Kevin L. Burdick report on this Form 4?

Kevin L. Burdick reported receiving 12,098 RSU 2026 units as an equity award. These restricted stock units were granted at $0.00 per unit under ONEOK’s Equity Incentive Plan and are intended to be settled in common shares when they vest.

When do Kevin L. Burdick’s 12,098 RSU 2026 awards from ONEOK (OKE) vest?

The 12,098 RSU 2026 units granted to Kevin L. Burdick vest on February 18, 2029. Once vested, the units will be settled in ONEOK common stock, including additional units credited from dividend equivalents during the vesting period.

How are dividend equivalents handled on Kevin L. Burdick’s ONEOK (OKE) RSU 2026 grant?

During the three-year vesting period, the RSU 2026 award will be credited with dividend equivalents. These dividend equivalents are paid in additional restricted units and will be delivered as shares of ONEOK common stock at the time the underlying units vest and are issued.

What portion of Kevin L. Burdick’s 2026 equity award does the 12,098 RSU 2026 grant represent at ONEOK (OKE)?

The 12,098 RSU 2026 grant represents 50% of Kevin L. Burdick’s annual Equity Incentive Plan award for February 2026. This indicates that the remaining 50% of his 2026 equity compensation is delivered in other incentive forms not detailed here.

Does Kevin L. Burdick’s ONEOK (OKE) RSU 2026 grant involve an open-market share purchase or sale?

No, the RSU 2026 grant is classified as a grant or award acquisition at $0.00 per unit. It reflects equity compensation awarded by ONEOK rather than an open-market purchase or sale of existing common shares by Kevin L. Burdick.
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