GIBSON JOHN WILLIAM 4

What Happened

• John William Gibson, a director of ONE Gas, settled 19,976 deferred (phantom) stock units into 19,976 shares of ONE Gas common stock on June 3, 2026. The filing shows an "Acquired" derivative entry at $77.47 per share (total $1,547,541) and a corresponding "Disposed" derivative entry at $77.74 per share (total $1,552,934). This was a conversion/settlement of deferred compensation following his retirement, not an open‑market purchase.

Key Details

• Transaction date: June 3, 2026. Report filed: June 4, 2026 (timely).
• Reported amounts/prices: 19,976 shares acquired @ $77.47 (≈ $1.547M) and 19,976 shares disposed @ $77.74 (≈ $1.553M); transaction code M (exercise/conversion of derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 – These 19,976 phantom stock units (including dividend equivalents through the June 2, 2026 dividend date) were settled into shares on June 3, 2026 following Gibson’s May 21, 2026 retirement. F2 – The reporting person still holds additional phantom units payable in future installments under the plan.
• No 10b5-1 plan or explicit tax‑withholding sale is disclosed; the filing does not show an open‑market sale of the resulting shares.

Context

• This was a routine settlement of deferred compensation (phantom stock units) under the ONE Gas Deferred Compensation Plan for non‑employee directors, converted 1-for-1 into common shares per the company’s equity plan. Such conversions are administrative and do not by themselves indicate a buy/sell signal in the market.