SWORDS SHERIDAN C 4

What Happened Sheridan C. Swords, Executive Vice President and Chief Commercial Officer of ONEOK, received a grant of 14,115 restricted stock units (RSUs) on February 18, 2026. The award is reported as a derivative grant (Form 4 code A); no purchase price or immediate cash value is reported (price = N/A). The RSUs vest on February 18, 2029 and will be settled in ONEOK common shares — including dividend equivalents credited during the vesting period.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Transaction type/code: Grant/Award (A); derivative units (not immediate common stock).
• Shares/units awarded: 14,115 RSUs. Price: N/A. Total dollar value not reported.
• Vesting/payment: 3-year vesting; vests 2029-02-18. Dividend equivalents accrue during vesting and will be paid in additional shares at vesting (one share per vested unit including credited dividend equivalents).
• Additional note: Award represents 50% of the annual Equity Incentive Plan award granted to the reporting person in February 2026.
• Exhibit/authorization: Filing includes Exhibit 24 — Power of Attorney.
• Shares owned after transaction: Not disclosed in this filing.

Context This is a compensation award (RSUs), not an open-market buy or sell, so it does not reflect an immediate trading decision. RSUs typically align executive pay with long-term shareholder value; they convert to common shares only after vesting, and dividend equivalents here increase the eventual share payout. No options were exercised and no shares were sold in this transaction.