Taylor Lyndon C 4

What Happened

• Lyndon C. Taylor, Executive Vice President and Chief Legal Officer of ONEOK (OKE), received a grant of 17,283 restricted units (RSUs) on 2026-02-18 under the company's Equity Incentive Plan. The award is a derivative grant (no purchase price) and will convert to common shares if and when the RSUs vest. No per-share price or immediate cash value is reported in the Form 4.

Key Details

• Transaction type/date: Award/Grant (code A) on 2026-02-18; Form 4 filed 2026-02-20 (timely).
• Shares/units granted: 17,283 restricted units (derivative RSUs).
• Vesting: Award vests on February 18, 2029 (3-year vesting period).
• Dividend equivalents: RSUs will accrue dividend equivalents credited as additional restricted units and paid in shares at vesting (1 share per vested unit, including dividend-derived units).
• Award size: Represents 50% of the reporting person’s annual Equity Incentive Plan award for February 2026 (per footnote).
• Shares owned after transaction: Not specified in the provided filing extract.
• Other: Exhibit 24 (Power of Attorney) referenced.

Context

• RSU awards are compensation, not open-market purchases or sales; they don’t reflect an immediate cash purchase or sale by the insider. The economic benefit (and taxable event) for the insider generally occurs when the RSUs vest and convert to shares. Dividend equivalents increase the eventual share payout. This is routine executive compensation rather than a direct buy/sell signal for investors.