RAINBOLT DAVID E 4

What Happened

• David E. Rainbolt, a director of OGE Energy Corp. (OGE), was granted 319.276 common stock units (derivative award) on 2026-03-31. The units are reported at $47.96 each for a total value of $15,312. The transaction type is an award/grant (code A).

Key Details

• Transaction date and price: 2026-03-31 at $47.96 per unit.
• Quantity and value: 319.276 units; $15,312 total reported value.
• Instrument: Common stock units reported as a derivative (convertible on a one-for-one basis per filing footnote).
• Settlement: Units were accrued under OGE’s Deferred Compensation Plan and are to be settled 100% in cash at a specified future date or upon termination of service (per filing footnote).
• Dividend reinvestment: Total includes shares acquired via dividend reinvestment that were exempt from reporting under Rule 16a-11 (per filing footnote).
• Shares owned after transaction: Not specified in this Form 4.
• Timeliness: Filing dated 2026-04-01 for a 2026-03-31 grant — appears timely.

Context

• These are deferred compensation units (derivative awards) rather than an open-market purchase of stock. They generally do not represent immediate share ownership and, per the filing, will be settled in cash, so they do not indicate an immediate bullish purchase of common stock. Dividend-reinvested amounts reflected in the total are routine and exempt from separate reporting under Rule 16a-11.