Lentz Randy N 4

What Happened
Randy N. Lentz, Executive Vice President and Chief Operating Officer of ONEOK (OKE), had restricted units convert into 6,556.617 shares on 2026-01-30 (valued at $79.19/share; total ~$519,218). To cover tax withholding, 1,686 shares were surrendered (disposed) at the same $79.19/share (value ~$133,514), leaving a net issuance of about 4,870.617 shares to Lentz. The filing shows the transaction as conversion/exercise of a derivative (code M) with tax withholding (code F).

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-03 (filed within the required two business days).
• Shares converted/issued: 6,556.617 shares at $79.19 (reported value $519,218).
• Shares withheld for tax: 1,686 shares at $79.19 (reported value $133,514).
• Net shares added: ~4,870.617 (6,556.617 issued − 1,686 withheld).
• Footnote: These shares come from a prior award of 18,524 restricted units granted upon his appointment as EVP & COO. One‑third vested 1/30/2026 (this event); the remaining two‑thirds vest on 2/1/2027. Dividend equivalents are paid in shares when units vest.
• Shares owned after the transaction: Not disclosed in the Form 4.
• Filing remark: Executive Vice President and Chief Operating Officer; Exhibit 24 (Power of Attorney) noted.

Context
This was a routine conversion/vesting of previously granted restricted stock units, not an open‑market buy or sale. The tax withholding is a common cashless method to satisfy tax obligations on vested awards and does not necessarily indicate a change in insider sentiment. For retail investors, vested awards are informative about compensation and timing but are not the same signal as an executive purchasing shares in the open market.