Lentz Randy N 4

What Happened

• Randy N. Lentz, Executive Vice President and Chief Operating Officer of ONEOK, was granted 14,115 restricted stock units (derivative securities) on February 18, 2026. The award has no per-share cash price (N/A) because it is a compensation grant rather than a purchase or sale.
• The restricted units vest on February 18, 2029 and will be settled one-for-one in common shares when they vest. Dividend equivalents will accrue during the three-year vesting period and will be paid in shares at vesting.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Shares/units granted: 14,115 restricted units (derivative award; no cash price reported).
• Vesting: 3-year vesting; vests on 2029-02-18.
• Dividend equivalents: Credited during vesting and paid in additional restricted units/shares at vesting.
• Award size: Represents 50% of the reporting person’s annual Equity Incentive Plan award for Feb 2026.
• Post-transaction shares owned: Not specified in the provided filing details.
• Remarks: Reporting person is EVP & COO.

Context

• This was a compensation grant (award), not an open‑market purchase or sale, so it reflects company pay practices rather than an immediate insider market view. The units are derivative awards that convert to shares at vesting and include dividend-equivalent reinvestment.