OKE · Oneok Inc · Executive Compensation

$89.75 +0.89 (+1.00%) At close · Nov 13 Play latest call Q3 2026 earnings call transcript

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$56.58B

630.45M

Volume · Nov 13 2.82M Avg daily vol (3M) 3.41M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Pierce H. Norton II	President and Chief Executive Officer	$1,000,000	—	$8,771,279	—	$1,578,000	$654,056	$12,003,335
Walter S. Hulse	Chief Financial Officer, Treasurer and Executive Vice President, Corporate Development and Investor Relations	$750,000	—	$6,009,216	—	$1,183,500	$349,729	$8,292,445
Lyndon C. Taylor	Executive Vice President, Chief Legal Officer and Assistant Secretary	$700,000	—	$4,656,809	—	$972,000	$571,012	$6,899,821
Randy Lentz	Executive Vice President and Chief Operating Officer	$625,000	—	$4,480,556	—	$759,400	$250,588	$6,115,544
Sheridan C. Swords	Executive Vice President and Chief Commercial Officer	$625,000	—	$3,430,537	—	$723,300	$112,644	$5,865,922

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Pierce H. Norton II	President and Chief Executive Officer	$925,000	—	$9,081,124	—	$2,800,700	$430,509	$13,237,333
Walter S. Hulse	Chief Financial Officer, Treasurer and Executive Vice President, Corporate Development and Investor Relations	$650,000	—	$3,690,593	—	$1,640,000	$278,685	$6,259,278
Lyndon C. Taylor	Executive Vice President, Chief Legal Officer and Assistant Secretary	$600,000	—	$2,101,875	—	$1,307,400	$158,665	$4,167,940
Sheridan C. Swords	Executive Vice President and Chief Commercial Officer	$525,000	—	$2,045,043	—	$1,052,500	$89,080	$4,047,888
Kevin L. Burdick	Executive Vice President and Chief Enterprise Services Officer	$550,000	—	$2,045,043	—	$1,150,500	$229,551	$3,975,094

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Pierce H. Norton II	President and Chief Executive Officer	$835,000	—	$6,274,485	—	$2,101,100	$336,989	$9,547,574
Walter S. Hulse	Chief Financial Officer, Treasurer and Executive Vice President, Corporate Development and Investor Relations	$600,000	—	$2,760,803	—	$1,372,500	$190,814	$4,924,117
Sheridan C. Swords	Executive Vice President and Chief Commercial Officer	$500,000	—	$1,756,885	—	$855,500	$71,844	$3,845,645
Kevin L. Burdick	Executive Vice President and Chief Enterprise Services Officer	$500,000	—	$2,007,859	—	$1,043,100	$153,963	$3,704,922

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Pierce H. Norton II	President and Chief Executive Officer	$835,000	—	$5,618,292	—	$1,467,300	$218,432	$8,139,024
Walter S. Hulse	Chief Financial Officer, Treasurer and Executive Vice President, Corporate Development and Investor Relations	$580,000	—	$2,122,475	—	$809,800	$179,137	$3,691,412
Kevin L. Burdick	Executive Vice President and Chief Enterprise Services Officer	$500,000	—	$1,997,646	—	$607,100	$164,867	$3,269,613
Sheridan C. Swords	Executive Vice President and Chief Commercial Officer	$500,000	—	$1,560,634	—	$613,400	$75,772	$2,749,806

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry Spencer	President and Chief Executive Officer	$825,000	—	$5,118,200	—	$1,480,900	$205,533	$10,945,741
Walter S. Hulse III	Chief Financial Officer, Treasurer and Executive Vice President, Strategic Planning and Corporate Affairs	$500,000	—	$1,421,846	—	$600,000	$152,196	$2,674,042
Kevin L. Burdick	Executive Vice President and Chief Operating Officer	$500,000	—	$1,421,846	—	$600,000	$134,973	$2,656,819
Sheridan C. Swords	Senior Vice-President, Natural Gas Liquids	$475,000	—	$966,604	—	$500,000	$70,041	$2,351,341
Robert F. Martinovich	Executive Vice President and Chief Administrative Officer	$500,000	—	$852,368	—	$540,000	$157,251	$2,049,619

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry Spencer	President and Chief Executive Officer	$800,000	—	$4,320,958	—	$1,727,000	$113,631	$7,096,869
Walter S. Hulse III	Chief Financial Officer, Treasurer and Executive Vice President, Strategic Planning and Corporate Affairs	$500,000	—	$1,500,425	—	$725,300	$112,219	$2,837,944
Kevin L. Burdick	Executive Vice President and Chief Operating Officer	$475,000	—	$1,500,425	—	$646,000	$96,119	$2,717,544
Robert F. Martinovich	Executive Vice President and Chief Administrative Officer	$500,000	—	$900,887	—	$604,500	$123,599	$2,128,986
Sheridan C. Swords	Senior Vice-President, Natural Gas Liquids	$460,000	—	$900,887	—	$593,800	$50,131	$2,004,818

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Terry Spencer	President and Chief Executive Officer	$740,000	—	$3,505,479	—	$642,000	$156,080	$5,606,145
Robert F. Martinovich	Executive Vice President and Chief Administrative Officer	$500,000	—	$905,856	—	$337,400	$115,440	$1,858,696
Walter S. Hulse III	Chief Financial Officer, Treasurer and Executive Vice President, Strategic Planning and Corporate Affairs	$500,000	—	$905,856	—	$350,900	$89,740	$1,846,496
Sheridan C. Swords	Senior Vice-President, Natural Gas Liquids	$450,000	—	$604,913	—	$282,000	$47,460	$1,711,482
Kevin L. Burdick	Executive Vice President and Chief Operating Officer	$400,000	—	$905,856	—	$283,400	$66,940	$1,656,196

Executive changes

Person	Role	Change	Effective	Filed
Gerald B. Smith	director	Retired	2026-05-20	2026-03-25
Pattye L. Moore	director	Retired	2026-05-20	2026-03-25
Gerald B. Smith	director	Appointed	2025-05-21	2025-05-22
Wayne T. Smith	director	Appointed	2025-05-21	2025-05-22
Eduardo A. Rodriguez	director	Appointed	2025-05-21	2025-05-22
Pierce H. Norton II	director	Appointed	2025-05-21	2025-05-22
Pattye L. Moore	director	Appointed	2025-05-21	2025-05-22
Lori A. Gobillot	director	Appointed	2025-05-21	2025-05-22
Mark W. Helderman	director	Appointed	2025-05-21	2025-05-22
Randall J. Larson	director	Appointed	2025-05-21	2025-05-22
Julia H. Edwards	director	Appointed	2025-05-21	2025-05-22
Brian L. Derksen	director	Appointed	2025-05-21	2025-05-22
Charles M. Kelley	Senior Vice President, Commercial Natural Gas Pipelines	Retired	2025-03-31	2025-02-05
Sheridan C. Swords	Executive Vice President and Chief Commercial Officer	Appointed	2025-01-06	2025-01-07
Randy Lentz	Executive Vice President and Chief Operating Officer	Appointed	2025-01-06	2025-01-07
Wayne T. Smith	director	Appointed	2023-09-25	2023-09-26
Lori A. Gobillot	director	Appointed	2023-09-25	2023-09-26
Robert F. Martinovich	Executive Vice President and Chief Administrative Officer	Retired	2022-12-31	2022-12-29

Leadership

Pierce H. Norton II CEO, Board Member
Julie H. Edwards Chairman
Walter S. Hulse III CFO
Brian L. Derksen Board Member
Eduardo A. Rodriguez Board Member
Gerald B. Smith Board Member
Julia H. Edwards Board Member
Lori A. Gobillot Board Member
Mark W. Helderman Board Member
Pattye L. Moore Board Member
Randall J. Larson Board Member
Wayne T. Smith Board Member

Key facts CIK 1039684 CUSIP 30609A109 13F (30d) 1258 filings 1179 filers Visit website Investor relations