December 31, 2023 · Form 4 insider transaction
Hoskin James R sold 370 shares of ONEOK, Inc. at $70.22 per share, a transaction worth $26.0K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 3 days after the transaction.
Pursuant to the Merger Agreement between ONEOK, Inc. and Magellan, the reporting person?s award of phantom units of Magellan that was outstanding at 9/25/23 was assumed by ONEOK and converted into a restricted stock unit award. The vest date for this award was 12/31/23 and the phantom units were converted to shares of ONEOK common stock on that date. Shares were withheld to cover taxes due upon the conversion of the award.