Shortridge William Kent 4
4 · ONE Gas, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
ONE Gas (OGS) SVP William Shortridge Exercises Options, Receives Awards
What Happened
- William Kent Shortridge, Senior Vice President, Operations and Customer Service at ONE Gas (OGS), exercised/converted derivative awards and received equity grants in mid-February 2026. Across the events he acquired a total of 5,692.573 shares (gross value $489,789) at $86.04 per share and had 3,499.648 shares (proceeds/withholding value $301,110) disposed to cover exercise price and tax withholding and for derivative settlement, resulting in a net increase of 2,192.925 shares (net value ≈ $188,679).
- Transactions included option/performance-unit exercises (code M), tax/exercise-price withholding (code F), and new awards/grants (code A). Several awards were performance- and restricted-unit based under the company’s equity compensation plan.
Key Details
- Transaction dates and price: Feb 14 and Feb 16, 2026 at $86.04 per share.
- Acquired: 1,659.639 (2/16) and 545.934 (2/14) via exercise/conversion; awarded 2,092 and 1,395 shares (2/16) — total acquired 5,692.573 shares for $489,789.
- Disposed/withheld: 815.716 and 238.932 shares to cover exercise/taxes; 1,956 and 489 shares disposed as derivative settlement — total disposed 3,499.648 shares for $301,110.
- Net effect: +2,192.925 shares (net value ≈ $188,679).
- Footnotes of note:
- F1: Performance units vested and were certified on Feb 16, 2026; 76% of the performance units were issued based on relative TSR and issued per the grant.
- F2: Restricted units included dividend equivalents paid out in shares at vesting.
- F3/F4: Newly granted performance and restricted units that vest Feb 17, 2029 (performance payout 0–200% depending on TSR).
- Filing: Form 4 filed Feb 19, 2026 reporting transactions dated Feb 14 and Feb 16, 2026. The filing date is provided; check the SEC filing for any late-filing notation if timeliness is a concern.
Context
- These were largely exercises and award issuances rather than open-market purchases; some shares were withheld/ disposed to satisfy exercise price and tax withholding (common and routine).
- For retail investors: awards and option exercises are routine compensation events. The net increase in shares suggests Shortridge retained additional stock rather than fully selling out, but this is a compensation-related transaction rather than an outright open-market buy signaling new personal investment.
Insider Transaction Report
Form 4
Shortridge William Kent
See Remarks
Transactions
- Exercise/Conversion
Common stock, par value $0.01
[F1]2026-02-16$86.04/sh+1,659.639$142,795→ 12,115.8 total - Tax Payment
Common stock, par value $0.01
[F1]2026-02-16$86.04/sh−815.716$70,184→ 11,300.084 total - Exercise/Conversion
Common stock, par value $0.01
[F2]2026-02-14$86.04/sh+545.934$46,972→ 11,846.018 total - Tax Payment
Common stock, par value $0.01
[F2]2026-02-14$86.04/sh−238.932$20,558→ 11,607.086 total - Exercise/Conversion
Performance Units 2023
[F1]2026-02-16$86.04/sh−1,956$168,294→ 0 total→ Common stock, par value $0.01 (1,956 underlying) - Exercise/Conversion
Restricted Units 2023
[F2]2026-02-14$86.04/sh−489$42,074→ 0 total→ Common stock, par value $0.01 (489 underlying) - Award
Performance Units 2026
[F3]2026-02-16$86.04/sh+2,092$179,996→ 2,092 total→ Common stock, par value $0.01 (2,092 underlying) - Award
Restricted Units 2026
[F4]2026-02-16$86.04/sh+1,395$120,026→ 1,395 total→ Common stock, par value $0.01 (1,395 underlying)
Holdings
- 1,275(indirect: By 401(k))
Common stock, par value $0.01
Footnotes (4)
- [F1]Performance units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award, including dividend equivalents, vested on February 14, 2026, in an amount equal to 76% of the performance units awarded based upon Issuer's total shareholder return compared to the total shareholder return of a selected peer group, was certified by the Executive Compensation Committee of the Board of Directors on February 16, 2026, and issued pursuant to the terms of the grant agreement.
- [F2]Restricted units awarded under Issuer's Amended and Restated Equity Compensation Plan (2018). During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and were issued. The shares were issued pursuant to the terms of the grant agreement.
- [F3]Performance units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award will vest on February 17, 2029, for a percentage (0% to 200%) of the performance units awarded based upon the Issuer's total shareholder return compared to total stockholder return of a selected peer group over the performance period from January 1, 2026, through December 31, 2029, in accordance with the terms of the Performance Unit Award Agreement.
- [F4]Restricted units awarded under the Issuer's Amended and Restated Equity Compensation Plan (2018). The award vests on February 17, 2029, in accordance with the terms of the Restricted Unit Award Agreement.
Signature
/s/ Brian K. Shore, Attorney-in-Fact for William K. Shortridge|2026-02-19