SWORDS SHERIDAN C 4

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.