LARSON RANDALL J 4

What Happened Randall J. Larson, a director of ONEOK, received a grant of 1,845 phantom shares (derivative award) on May 20, 2026. The grant is recorded at $92.15 per share for a total value of $170,017. This was an award/deferral under the company's Deferred Compensation Plan for Non-Employee Directors, not an open-market buy or sale.

Key Details

• Transaction type: Award/Grant (code A), derivative phantom stock
• Date of transaction: 2026-05-20; Form 4 filed 2026-05-22 (timely)
• Price/value: $92.15 per share; total reported value $170,017
• Shares involved: 1,845 phantom shares (convertible into common stock on a 1-for-1 basis)
• Shares owned after transaction: Not disclosed in this filing
• Footnotes:
  • Phantom shares convert to ONEOK common stock on a 1-for-1 basis (F1).
  • The grant represents director retainer compensation deferred into phantom stock under the Deferred Compensation Plan for Non-Employee Directors (F2).
  • Phantom stock is accrued under the plan and is settled in common stock at a determination date or a designated date upon the director’s retirement (F3).

Context This is a routine director compensation deferral rather than a market purchase or sale. Phantom stock awards increase potential future equity exposure for the director but are not immediate purchases of shares; they convert to common stock at settlement per the plan terms.