MOORE PATTYE L 4
Research Summary
AI-generated summary
ONE Gas (OGS) Director Pattye L. Moore Exercises/Converts 5,638 Shares
What Happened
- Pattye L. Moore, a ONE Gas, Inc. director, settled 5,638 deferred/phantom stock units into common shares on June 3, 2026. The filing records an acquisition entry for 5,638 shares at $77.47 each (value $436,776) and a corresponding disposition entry for 5,638 shares at $77.74 each (value $438,298). Both transactions are reported with transaction code M (exercise/conversion of a derivative).
Key Details
- Transaction date: June 3, 2026; Filing date: June 4, 2026 (timely filing).
- Acquisition: 5,638 shares at $77.47/share — $436,776 total (reported as "Acquired").
- Disposition: 5,638 shares at $77.74/share — $438,298 total (reported as "Disposed").
- Shares owned after the transaction: not specified in the filing.
- Footnote highlights: these shares represent settlement of deferred stock units credited under the ONE Gas Deferred Compensation Plan for Non-Employee Directors, converted 1-for-1 following the reporting person’s retirement from ONEOK, Inc. on May 20, 2026; dividend-equivalent units through the June 2, 2026 dividend were included. The filer also notes they continue to hold other phantom units from prior deferral elections.
- The filing shows both an acquisition and a disposition of the same quantity on the same day; the document does not explain the reason for the disposal (e.g., sale, tax withholding, or transfer).
Context
- Code M indicates conversion/exercise of a derivative instrument (here, settlement of deferred/phantom stock units into shares).
- This is not an open-market purchase or sale by discretion but a plan-based settlement of deferred compensation; such conversions are routine following plan terms and a triggering event (retirement). The filing is informational and does not by itself indicate the director’s market view.