February 19, 2024 · Form 4 insider transaction
SCHINGEN SCOTT D sold 15,495.327 shares of ONEOK, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
The reporting person retired from the board on May 13, 2015, and a portion of phantom stock that had accrued under the Issuer's Deferred Compensation Plan for Non-Employee Directors was converted and shares of Issuer's common stock were issued to the reporting person upon retirement from the board. The shares issued were based on the reporting person's annual elections under the Issuer's Deferred Compensation Plan for Non-Employee Directors.; Performance units awarded under the Issuer's Equity Incentive Plan. The award vested on February 17, 2024, for 88% of the performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group. 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 shares were issued. The award and credited dividend equivalents were payable one share of the Issuer's common stock for each vested performance unit including additional performance units resulting from dividend equivalents.