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ONE Gas, Inc.·4

Feb 19, 4:15 PM ET

DINAN CURTIS 4

Research Summary

AI-generated summary

Updated

ONE Gas (OGS) SVP Curtis Dinan Exercises Options, Receives Awards

What Happened
Curtis Dinan, Senior Vice President and Chief Operating Officer of ONE Gas (OGS), exercised and converted several derivative awards and received equity awards in mid-February 2026. Across transactions dated Feb 14 and Feb 16, Dinan acquired about 18,792 shares through exercises and awards (total value ≈ $1.617M) and disposed of about 11,162 shares (sales/withholdings) for proceeds ≈ $960K — a net increase of ~7,629 shares and net value ≈ $656K. Some shares were withheld to cover taxes/exercise costs and some derivative shares were disposed of immediately.

Key Details

  • Transaction dates: Feb 14, 2026 and Feb 16, 2026. Filing date: Feb 19, 2026.
  • Prices: transactions reported at $86.04 per share.
  • Gross acquired: ~18,791.676 shares (≈ $1,616,835).
  • Gross disposed (sales/withholdings): ~11,162.446 shares (≈ $960,417).
  • Net result: ~7,629.23 net shares acquired; net economic value ≈ $656,418.
  • Shares owned after transaction: not provided in the supplied filing details.
  • Relevant footnotes:
    • Performance units vested and were certified (some vested at 76% payout based on relative TSR and were issued Feb 16, 2026).
    • Restricted units included dividend equivalents paid in shares at vesting.
    • Additional performance and restricted unit awards were granted that vest Feb 17, 2029 (performance payout 0–200% depending on TSR).
    • Share disposals include tax withholding to satisfy exercise/tax obligations (code F) and some derivative shares were disposed immediately (cashless or sale on exercise; code M with disposition).

Context

  • Many entries are option exercises/conversions (derivative activity) and issuance of performance/restricted unit awards. Where shares are withheld or sold at exercise, that commonly reflects tax-withholding or cashless exercise mechanics rather than an independent open-market sell.
  • Awards include both vested performance/restricted units (issued now) and longer-term awards that will vest in 2029 subject to performance.
  • This activity appears to be routine compensation realization and award settlement rather than an outright open-market purchase. No 10% owner or 10b5-1 plan was indicated in the provided data.