DERKSEN BRIAN L 4

What Happened
Brian L. Derksen, a non-employee director of ONEOK, received a grant of 1,845 phantom shares (reported as a derivative award) on 2026-05-20. The award is reported at $92.15 per share for a total value of $170,017. This was an award under the company's deferred compensation plan for non-employee directors—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Report filed: 2026-05-22 (filed within the 2-business-day Form 4 deadline).
• Transaction type/code: A (award/grant); reported as a derivative award.
• Amount: 1,845 phantom shares at $92.15 each; aggregate reported value $170,017.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes from filing:
  • F1: Phantom shares convert to ONEOK common stock on a 1-for-1 basis.
  • F2: The grant reflects an annual cash/stock retainer deferred into phantom stock under the Deferred Compensation Plan for Non-Employee Directors.
  • F3: Phantom stock is accrued under the plan and is settled in common shares at a determination date or a designated date upon the director’s retirement.

Context
This is director compensation via deferred (phantom) stock, a common non-cash way companies pay non-employee directors. Because the award converts 1-for-1 into common shares later and is part of routine compensation, it generally does not signal a buy or sell opinion by the director.