ONEOK (OKE) EVP/CLO Lyndon C. Taylor Receives Vesting Shares

What Happened

• Lyndon C. Taylor, Executive Vice President and Chief Legal Officer of ONEOK (OKE), had 6,369 restricted stock units convert to common shares on 2026-09-23 as the award vested. To cover tax withholding, 2,793 of those shares were surrendered at $90.09 per share for $251,621. Net shares delivered to Taylor were 3,576.
• The filing shows the conversion/vesting of restricted units (recorded as derivative conversion, code M) and the tax withholding/share payment (code F). Based on the $90.09 withholding price, the implied gross value of the vested shares is about $573,783, with net value delivered of roughly $322,162.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-24 (timely).
• Converted/issued: 6,369 shares from vested restricted units; 2,793 shares withheld to satisfy tax liability at $90.09 each (withheld value $251,621).
• Net shares issued to insider: 3,576.
• Footnote: These were restricted units granted under the Issuer's Equity Incentive Plan on 9/23/2025; 20% of the award vested on 9/23/2026. Dividend equivalents accrued during the vesting period were paid out in additional shares and included in the vested amount.
• Filing codes: M = conversion/exercise of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding). This was not an open-market sale.

Context

• This transaction reflects vested equity being issued and routine tax withholding via share surrender — common for RSU vesting and not a market sale signaling intent to liquidate holdings.
• For retail investors: vesting events increase insider ownership but withheld shares reduce the net issuance; no evidence of a discretionary open-market sale by the insider in this filing.