ONEOK (NYSE: OKE) officer makes 1,000-share charitable stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONEOK officer Mary M. Spears reported a charitable stock gift. She transferred 1,000 shares of ONEOK common stock as a bona fide gift to a charitable organization and no longer has a reportable interest in those shares. After this gift, she holds 27,352.626 shares directly and 8,414.5088 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares gifted
Mixed
2 txns
Insider
SPEARS MARY M
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $0.01 | 1,000 | $0.00 | -- |
| holding | Common Stock, par value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 27,352.626 shares (Direct, null);
Common Stock, par value $0.01 — 8,414.509 shares (Indirect, 401(k))
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 1,000 shares
Gift price per share: $0.0000 per share
Direct holdings after transaction: 27,352.626 shares
+3 more
6 metrics
Shares gifted
1,000 shares
Bona fide gift of common stock
Gift price per share
$0.0000 per share
Reported value for charitable transfer
Direct holdings after transaction
27,352.626 shares
Common stock held directly after gift
Indirect 401(k) holdings
8,414.5088 shares
Common stock held indirectly via 401(k)
Gift transactions
1 transaction
Bona fide gift coded G
Gifted shares total
1,000 shares
Total shares disposed as gift in this filing
Key Terms
bona fide gift, 401(k), indirect ownership, beneficial interest
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for 1,000 shares transferred"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
401(k) financial
"nature_of_ownership: "401(k)" describing indirect stock holdings"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
indirect ownership financial
"ownership_type: "indirect" with 8,414.5088 shares in 401(k)"
beneficial interest financial
"footnote states the reporting person no longer has a reportable interest"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
FAQ
What insider transaction did ONEOK (OKE) officer Mary M. Spears report?
Mary M. Spears reported a charitable stock gift. She transferred 1,000 shares of ONEOK common stock as a bona fide gift to a charitable organization, meaning she received no sale proceeds and no longer has a reportable interest in those specific shares.
Was Mary M. Spears’ ONEOK (OKE) transaction a market sale or a gift?
The transaction was a bona fide gift, not a market sale. The Form 4 lists transaction code G, with 1,000 shares transferred at $0.0000 per share to a charitable organization, indicating no cash proceeds and a non-market disposition of the shares.
How are Mary M. Spears’ indirect ONEOK (OKE) holdings reported?
Her indirect holdings are reported through a 401(k) plan. The filing shows 8,414.5088 shares of ONEOK common stock held indirectly, with the nature of ownership described as “401(k),” separate from her directly held 27,352.626 shares after the gift.