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ONE Gas, Inc.·4

Feb 19, 4:15 PM ET

McAnnally Robert S. 4

Research Summary

AI-generated summary

Updated

ONE Gas CEO Robert McAnnally Exercises Options & Receives Awards

What Happened
Robert S. McAnnally, President and Chief Executive Officer of ONE Gas (OGS), exercised and converted equity awards and received new awards in transactions on February 14 and February 16, 2026. Total reported acquisitions equal 62,559.172 shares (market value ≈ $5.38M at $86.04/share), while total reported disposals (withholdings/sales to cover taxes or settlement) equal 39,284.538 shares (≈ $3.38M). The net result was an increase of 23,274.634 shares, with a net economic value of roughly $2.00M. All transactions used a per-share price of $86.04.

Key Details

  • Transaction dates and price: Feb 14, 2026 and Feb 16, 2026 at $86.04 per share.
  • Major line items (selected):
    • Exercised/converted (Acquired): 19,088.379 shares ($1,642,364) and 6,278.793 shares ($540,227).
    • Withheld/paid for taxes or exercise (Disposed): 8,410.289 shares ($723,621) and 2,753.249 shares ($236,890).
    • Additional derivative conversions listed as disposed: 22,497 shares ($1,935,642) and 5,624 shares ($483,889).
    • Grants/awards (A) on Feb 16: 26,034 shares ($2,239,965) and 11,158 shares ($960,034).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnotes:
    • F1–F2: Some shares reflect vested performance units and restricted units (vesting/certification around Feb 14–16; 76% of certain performance units vested based on TSR results and were certified Feb 16).
    • F3–F4: The Feb 16 grants are performance and restricted unit awards that vest on Feb 17, 2029 (performance payout 0–200% based on TSR).
  • Filing timeliness: Form 4 filed Feb 19, 2026 for Feb 14–16 activity — filing appears timely (no late filing indicated).
  • Remark: Insider is President & CEO.

Context

  • The report shows exercises/conversions of derivative awards (code M) and share disposals to satisfy tax withholding or settlement (code F). That pattern (exercise + share withholding/sale) is common for option/award settlements and does not by itself indicate a buy/sell sentiment.
  • Some shares were newly granted as long‑term performance/restricted awards that vest years later (2029), while other units vested and were issued based on performance/dividend equivalents in February 2026.