SWORDS SHERIDAN C 4

4 · ONEOK INC /NEW/ · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

ONEOK (OKE) EVP Sheridan Swords Receives RSUs, Withholds Shares

What Happened

Sheridan C. Swords, Executive Vice President & Chief Commercial Officer of ONEOK (OKE), had restricted stock units (RSUs) vest on Feb 22, 2026. The RSUs and dividend equivalents converted into 4,924.535 shares of common stock.
To satisfy tax withholding, 2,225.535 of those shares were withheld/disposed at $87.33 per share, producing proceeds of $194,356. That leaves a net of 2,699.000 shares retained by the insider.
This was an award/vesting event (not an open-market purchase) with a routine tax-withholding disposition of shares.

Key Details

Transaction date: 2026-02-22; Form 4 filed 2026-02-24 (timely).
Vesting/conversion: 4,924.535 shares (reported as derivative exercise/conversion, code M; no per-share acquisition price reported).
Tax withholding/disposition: 2,225.535 shares at $87.33 -> $194,356 (code F).
Net shares retained from vesting: 2,699.000 shares.
Footnote: Award was RSUs under the company’s Equity Incentive Plan; dividend equivalents were paid in additional shares at vesting.
Shares owned following the transaction: not specified in the provided filing details.

Context

The filing reflects RSU vesting and a common cashless-like withholding to cover taxes — a routine administrative sale, not an opportunistic market sale or new purchase signal.
Code M entries indicate conversion/exercise of a derivative (here, RSUs converting into shares); code F indicates shares withheld to cover taxes.

Form 4

Period: 2026-02-22

See Remarks

Transactions

Exercise/Conversion
Common Stock, par value $0.01
[F1]
2026-02-22+4,924.535→ 238,258.817 total
Tax Payment
Common Stock, par value $0.01
2026-02-22$87.33/sh−2,225.535$194,356→ 236,033.282 total
Exercise/Conversion
RSU 2023
[F1]
2026-02-22−4,924.535→ 0 total
→ Common Stock, par value $0.01 (4,924.535 underlying)

Footnotes (1)

[F1]Restricted units awarded under the Issuer's Equity Incentive Plan. The award vested on February 22, 2026. During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and were issued. The award and credited dividend equivalents was payable in one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.

Signature

/s/ Sarah M. Rechter, Attorney-in-Fact for Sheridan C. Swords|2026-02-24

1 file