ONEOK (OKE) EVP Kevin Burdick Receives 2,895 Shares (Vesting)

What Happened
Kevin L. Burdick, Executive Vice President and Chief Enterprise Services Officer at ONEOK (OKE), had 2,895 restricted units convert to common shares on 2026-09-23 (reported on Form 4). Of those, 1,270 shares were withheld to cover tax withholding at $90.09 per share (proceeds $114,414). After withholding, Burdick received a net 1,625 shares. The conversion is reported as an exercise/conversion of a derivative (code M) with tax withholding reported as code F.

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-09-24 (timely filing).
• Gross shares converted: 2,895 shares (derivative conversion/vesting).
• Shares withheld for taxes: 1,270 shares at $90.09 = $114,414.
• Net shares issued to insider: 1,625 shares (2,895 − 1,270).
• Footnote: These were restricted units awarded 9/23/2025; 20% of the award vested on 9/23/2026. Dividend equivalents were credited and paid in additional restricted units that were also converted to shares at vesting.
• Shares owned after the transaction: Not specified in the filing.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding. No indication of an open-market sale or a 10b5-1 plan.

Context

• This was a routine vesting/conversion of restricted units, not an open-market purchase or voluntary sale. The tax-withholding "disposition" is a common administrative step and does not necessarily indicate a decision to sell shares for investment reasons.
• For retail investors, note the company issued shares to the executive (net acquisition of 1,625 shares), which is informational but not the same signal as an insider buying shares in the market.