ONEOK CFO Walter S. Hulse III Receives Restricted Shares

What Happened Walter S. Hulse III, Chief Financial Officer and Executive Vice President, Investor Relations and Corporate Development at ONEOK (OKE), had 7,238 restricted units vest on 2026-09-23 and converted them into common shares. To cover tax withholding, 3,174 of those shares were surrendered at $90.09/share for a withholding value of $285,946, leaving a net issuance of 4,064 shares to Hulse (approx. $366,125 at $90.09).

Key Details

• Transaction date: 2026-09-23; Form 4 filed 2026-09-24 (timely).
• Gross shares issued on vesting: 7,238 shares (conversion of restricted units; SEC code M).
• Shares withheld for taxes: 3,174 shares at $90.09 each = $285,946 (SEC code F).
• Net shares received: 4,064 shares; net value ≈ $366,125 using $90.09/share.
• Footnote: These were restricted units granted 9/23/2025; 20% of the award vested 9/23/2026. Dividend equivalents were credited and paid out in shares when the units vested.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context This was a vesting of restricted stock units (conversion to shares) with company share withholding to satisfy tax obligations — not an open-market sale or purchase. Transaction codes: M = conversion/exercise of derivative (vesting/conversion of restricted units), F = shares withheld to pay taxes. Such vesting and withholding are routine compensation events and do not by themselves indicate a change in insider sentiment.