OKEOneok
Deals with insiders in the proxy filed 2026-04-01
Deals between OKE and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-02.
Nothing new: every deal in this year's section was reported last year too.
The whole section
5 paragraphs quoted as filed
Related-Person Transactions“Our Board recognizes that transactions in which we participate and in which a related person (executive officer, director, director nominee, 5% or greater shareholder, and immediate family members of any of the foregoing) has a direct or indirect material interest can present potential or actual conflicts of interest. These transactions can also create the appearance that company decisions are based on considerations other than the best interests of the company and its shareholders.”
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Related-Person Transactions“Accordingly, as a general matter, it is our preference to avoid related-person transactions. Nevertheless, we recognize that there are situations in which related-person transactions may be in, or not inconsistent with, the best interests of the company and its shareholders including, but not limited to, situations in which we provide products or services to related persons on an arm’s length basis and on terms comparable with those provided to unrelated third parties.”
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Related-Person Transactions“In the event we propose to enter into a transaction in which an executive officer (other than an employment relationship), director (other than compensation arrangements for service on our Board provided to each director), director nominee, 5% or greater shareholder, or an immediate family member of any of the foregoing has a direct or indirect material interest, the proposed transaction is presented to our Audit Committee and, if warranted, our Board, for review to determine if the transaction creates a conflict of interest and, if so, whether it is otherwise fair to the company. In determining whether a particular transaction creates a conflict of interest and, if so, is fair to the company, our Audit Committee and, if warranted, our Board, consider the specific facts and circumstances applicable to each such transaction, including: the parties to the transaction, their relationship to the company and the nature of their interest in the transaction; the nature of the transaction; the aggregate value of the transaction; the length of the transaction; whether the transaction occurs in the normal course of our business; the benefits to our company provided by the transaction; if applicable, the availability of other sources of comparable products or services; and, if applicable, whether the terms of the transaction, including price or other consideration, are the same or substantially the same as those available to the company if the transaction were entered into with an unrelated party.”
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Related-Person Transactions“We require each executive officer and director to annually provide us a written disclosure of any transaction in which we participate and in which the officer or director or any of his or her immediate family members has a direct or indirect material interest. Our Corporate Governance Committee reviews these disclosures of related-party transactions in connection with its annual review of director independence. These procedures are not in writing but are documented through the meeting agendas and minutes of our Audit and Corporate Governance Committees.”
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Related-Person Transactions“The following is required to be disclosed by Securities and Exchange Commission regulations regarding transactions with related persons: Charles M. Kelley II, son of Charles M. Kelley, our former Senior Vice President, Natural Gas Pipelines, who retired on March 31, 2025, was employed by us as an Account Director in 2025, and his total compensation during 2025 was in excess of $120,000.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗