SPEARS MARY M 4

What Happened

• Mary M. Spears, Chief Accounting Officer and Senior Vice President, Finance & Tax of ONEOK (OKE), was granted 5,473 restricted stock units (RSUs) on February 18, 2026. The grant is reported as a derivative award (Form 4 code A). No per-share price or cash value is reported for the grant.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears filed within the normal two-business-day window).
• Transaction type: Award/Grant of RSUs (derivative) — reported as “A”.
• Shares granted: 5,473 restricted units. Price: N/A (compensation award, not a market purchase).
• Vesting: The award vests on February 18, 2029 (3-year vesting period).
• Dividend equivalents: During the vesting period the award will accrue dividend equivalents that will be paid in additional shares when the units vest; each vested restricted unit (including additional units from dividends) is payable as one share.
• Award context: This grant represents 50% of Ms. Spears’ annual Equity Incentive Plan award granted in February 2026.
• Shares owned after transaction: Not specified in the filing.
• Other filing items: Exhibit 24 (Power of Attorney) referenced in the filing.

Context

• These RSUs are a compensation award, not an open-market purchase or sale; such grants are routine for executives and are typically part of long-term incentive pay. Because dividend equivalents are paid in shares at vesting, the ultimate share count may increase before settlement. The filing contains no indication of immediate sale or exercise.