NORTON PIERCE 4

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.