HULSE WALTER S III 4

What Happened

• Walter S. Hulse III, Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations & Corporate Development of ONEOK (OKE), was granted 24,628 restricted stock units (reported as a derivative award) on 2026-02-18. No purchase price or immediate cash value is reported in the Form 4.
• The award vests over three years (vesting date: February 18, 2029). Dividend equivalents will be credited during the vesting period and paid out in additional shares when the underlying units vest. The filing notes this award represents 50% of his annual Equity Incentive Plan award for February 2026.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing within the standard Form 4 window).
• Transaction type: A = Award/Grant (derivative RSUs); reported amount: 24,628 RSUs; price: N/A (no cash paid).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: 3-year vesting; dividend equivalents payable in shares at vesting; this award equals 50% of his annual Equity Incentive Plan award.
• Additional: Exhibit 24 (Power of Attorney) referenced.

Context

• RSU grants are compensation-based awards that vest over time and are not open-market purchases or sales. They typically tie executive pay to long-term performance/retention and do not by themselves signal immediate buying or selling intent.
• Dividend equivalents paid in shares will increase the eventual share issuance at vesting; the grant is a derivative compensation event rather than a liquidity or investment transaction.