NORTON PIERCE 4
4 · ONEOK INC /NEW/ · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
ONEOK CEO Norton Pierce Receives 17,588 Shares as RSUs; 7,774 Withheld
What Happened
Norton Pierce, President and Chief Executive Officer of ONEOK (OKE), had 17,588.457 restricted units vest on February 22, 2026. Those units converted into the same number of common shares. To satisfy tax withholding, 7,774.457 shares were surrendered at $87.33 per share for total withholding of $678,943, leaving a net delivery of 9,814.000 shares to Pierce. This was a vesting/settlement of equity awards (not an open-market buy or deliberate sale).
Key Details
- Transaction date: February 22, 2026; Form 4 filed February 24, 2026 (timely).
- Award type: Restricted units under the Issuer's Equity Incentive Plan that vested (code M = conversion/exercise of derivative; code F = tax withholding).
- Shares issued on vesting: 17,588.457; shares withheld for taxes: 7,774.457 @ $87.33 = $678,943; net shares delivered: 9,814.000.
- Footnote: The award included dividend equivalents paid in shares and was payable one share per vested restricted unit (see F1).
- Filing status: Not marked late; no 10b5-1 plan or other special plan disclosed in this filing excerpt.
Context
This was a routine equity award vesting and partial share-withholding to cover tax liabilities (a common practice called cashless tax withholding). The conversion of restricted units into shares is recorded as a derivative exercise/conversion (code M) on Form 4; the withheld shares are reported as a disposition for tax purposes (code F). Such vesting events generally reflect compensation realization rather than a signal of insider market sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01
[F1]2026-02-22+17,588.457→ 135,556.363 total - Tax Payment
Common Stock, par value $0.01
2026-02-22$87.33/sh−7,774.457$678,943→ 127,781.906 total - Exercise/Conversion
RSU 2023
[F1]2026-02-22−17,588.457→ 0 total→ Common Stock, par value $0.01 (17,588.457 underlying)
Footnotes (1)
- [F1]Restricted units awarded under the Issuer's Equity Incentive Plan. The award vested on February 22, 2026. 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 award and credited dividend equivalents was payable in one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.