OGE Energy (NYSE: OGE) director granted 319 stock-linked units as deferred pay

Rhea-AI Filing Summary

RAINBOLT DAVID E reported acquisition or exercise transactions in this Form 4 filing.

OGE Energy Corp. director David E. Rainbolt reported a compensation-related award of 319.276 Stock Equivalent Units on March 31, 2026. These units track OGE common stock on a one-for-one basis but are to be settled 100% in cash rather than in shares.

The units were accrued under the company’s Deferred Compensation Plan and will be paid at a specified future date or after Rainbolt’s termination of service. Following this award and dividend reinvestments, his reported balance in these stock equivalent units is 43,633.377.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RAINBOLT DAVID E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Equivalent Units	319.276	$47.96	$15K

Holdings After Transaction: Stock Equivalent Units — 43,633.377 shares (Direct)

Footnotes (1)

1. Security converts to common stock on a one-for-one basis. The Common Stock Units were accrued under the Deferred Compensation Plan of OGE Energy Corp. and are to be settled 100% in cash at a specified future date or following termination of service. The total includes shares acquired through the reinvestment of dividends that were exempt from reporting pursuant to Rule 16a-11.

Key Figures

Stock Equivalent Units granted: 319.276 units Reference price per unit: $47.9600 per unit Total units after transaction: 43,633.377 units +2 more

5 metrics

Stock Equivalent Units granted 319.276 units Award on March 31, 2026

Reference price per unit $47.9600 per unit Form 4 transaction price field

Total units after transaction 43,633.377 units Balance following award, includes dividend reinvestment

Conversion ratio 1 unit : 1 common share Security converts to common stock on a one-for-one basis

Exercise price $0.0000 Conversion or exercise price for Stock Equivalent Units

Key Terms

Stock Equivalent Units, Deferred Compensation Plan, Rule 16a-11

3 terms

Stock Equivalent Units financial

"Security converts to common stock on a one-for-one basis."

Stock equivalent units are financial claims or instruments that are treated as if they were actual shares for purposes like calculating ownership, dilution, and earnings per share. Think of them as promises or placeholders for future slices of company pie—options, restricted units, or convertible securities—that don’t yet sit on the table but will reduce each existing slice when converted. Investors track them because they change how much of a company each share really represents and can affect valuation and voting power.

Deferred Compensation Plan financial

"accrued under the Deferred Compensation Plan of OGE Energy Corp."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

Rule 16a-11 regulatory

"dividends that were exempt from reporting pursuant to Rule 16a-11."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RAINBOLT DAVID E

(Last) (First) (Middle)

PO BOX 321

(Street)

OKLAHOMA CITY OKLAHOMA 73101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OGE ENERGY CORP. [ OGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Equivalent Units	(1)	03/31/2026		A		319.276		(2)	(2)	Common Stock	319.276	$47.96	43,633.377(3)	D

Explanation of Responses:

1. Security converts to common stock on a one-for-one basis.

2. The Common Stock Units were accrued under the Deferred Compensation Plan of OGE Energy Corp. and are to be settled 100% in cash at a specified future date or following termination of service.

3. The total includes shares acquired through the reinvestment of dividends that were exempt from reporting pursuant to Rule 16a-11.

Remarks:

	/s/ William Sultemeier, By Power of Attorney	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did OGE (OGE) director David E. Rainbolt report in this Form 4?

David E. Rainbolt reported receiving 319.276 Stock Equivalent Units tied to OGE common stock. The units were granted as part of OGE’s Deferred Compensation Plan and increase his total reported stock equivalent unit balance to 43,633.377 after the transaction and dividend reinvestments.

Are the Stock Equivalent Units reported by OGE (OGE) director Rainbolt settled in shares or cash?

The Stock Equivalent Units are settled entirely in cash, not in OGE shares. They are accrued under OGE Energy Corp.’s Deferred Compensation Plan and are payable 100% in cash at a specified future date or after Rainbolt’s termination of service from the company.

How many OGE (OGE) Stock Equivalent Units does Rainbolt hold after this award?

After the award, David E. Rainbolt’s reported balance is 43,633.377 Stock Equivalent Units. This total includes the newly awarded 319.276 units as well as units acquired previously, including those from dividend reinvestment transactions that were exempt from separate reporting under Rule 16a-11.

What does one-for-one conversion mean for OGE (OGE) Stock Equivalent Units?

Each Stock Equivalent Unit tracks the value of one share of OGE common stock on a one-for-one basis. However, in this case the units are structured to be settled solely in cash, so Rainbolt receives a cash payment based on that value instead of actual common shares.

Is Rainbolt’s OGE (OGE) Form 4 transaction an open-market stock purchase or sale?

The Form 4 transaction is not an open-market trade. It is a compensation-related grant, coded as an acquisition (A), of 319.276 Stock Equivalent Units under OGE’s Deferred Compensation Plan, with no indication of shares being bought or sold on the open market.