BURDICK KEVIN L 4

What Happened

• Kevin L. Burdick, Executive Vice President and Chief Enterprise Services Officer of ONEOK (OKE), had 5,628.54 restricted units convert to common shares upon vesting on February 22, 2026. Of those shares, 2,537.54 were withheld to satisfy tax withholding at $87.33 per share, totaling $221,603. After withholding, Burdick received a net 3,091.00 shares.
• This was a vesting/award transaction (not an open-market purchase or voluntary sale); the withholding to cover taxes is routine compensation-related activity.

Key Details

• Transaction date: February 22, 2026. Filing date: February 24, 2026 (timely filing within the usual Form 4 window).
• Vesting/conversion: 5,628.54 restricted units → 5,628.54 shares issued.
• Tax withholding: 2,537.54 shares withheld at $87.33/share = $221,603.
• Net shares received: 3,091.00 shares.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Award comprised restricted units under the Issuer's Equity Incentive Plan; dividend equivalents were paid in additional shares and the award vested on 2/22/2026 (see F1).
• Transaction codes: M = conversion/exercise of derivative (RSU conversion here); F = shares withheld to satisfy tax liability.

Context

• This is compensation vesting (routine). Withholding shares for taxes is standard and does not by itself indicate a buy or sell signal about the executive’s market view. The filing indicates no open-market sale of vested shares beyond the withholding for taxes.