Gregory Regina 4

What Happened

• Gregory Regina, Senior Vice President, General Counsel and Assistant Secretary of ONE Gas (OGS), was granted two equity awards on 2026-02-16: 3,835 performance units at $86.04 each (value $329,963) and 2,557 restricted units at $86.04 each (value $220,004), for a combined value of $549,967. These were awards (not purchases or sales) reported as derivative securities.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-19 (appears filed after the two-business-day window required for Form 4 filings).
• Award prices reported: $86.04 per unit; total units granted: 6,392; combined reported value: $549,967.
• Vesting: both awards vest on February 17, 2029.
• Footnotes:
  • F1: 3,835 performance units — payout range 0%–200% of the units based on ONE Gas total shareholder return vs. a peer group for the performance period Jan 1, 2026–Dec 31, 2029.
  • F2: 2,557 restricted units — time-based vesting on Feb 17, 2029.
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• These are compensation awards, not open-market purchases or sales; they do not represent an immediate cash outlay or sale of stock. Performance units may convert to a greater or lesser number of shares at vesting depending on relative TSR; restricted units are time-vested.
• Such awards are routine components of executive compensation and should be interpreted differently from a direct purchase (which may be a stronger bullish signal) or a sale (which can signal liquidity needs).