Shortridge William Kent 4

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.