NORTON PIERCE 4

What Happened

• Norton Pierce, President and Chief Executive Officer of ONEOK (OKE), was granted 60,491 restricted units on Feb 18, 2026. The award is a derivative equity grant (restricted stock units), not a cash transaction, and carries no purchase price.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Grant: 60,491 restricted units (derivative award, code A). No per-share price is applicable.
• Vesting: Award vests on February 18, 2029 (3-year vesting period).
• Dividend equivalents: During vesting the award will accrue dividend equivalents that will be paid in additional shares when the underlying units vest; each vested restricted unit (including dividend equivalents) converts to one share.
• Award size: Represents 50% of the annual Equity Incentive Plan award granted to the reporting person in February 2026.
• Shares owned after transaction: Not disclosed in the provided filing.
• Remarks/filing items: Reporting person listed as President & CEO; Exhibit 24 (Power of Attorney) referenced.

Context

• This is a standard long‑term incentive (RSU) grant aimed at retention/compensation, not an open‑market purchase or sale. Because no shares were sold or bought on the market, it does not directly signal buying or selling sentiment. The award converts to common stock only if/when it vests (and includes any accrued dividend equivalents paid in shares).