The company said on January 6, 2025 its board appointed Randy Lentz (age 60) as executive vice president and chief operating officer, effective the same day. He will report directly to Pierce H. Norton II, president and chief executive officer.

1. 01

   The company said on January 6, 2025 its board appointed Randy Lentz (age 60) as executive vice president and chief operating officer, effective the same day. He will report directly to Pierce H. Norton II, president and chief executive officer.

2. 02

   The company said Lentz has served as chief executive officer of Medallion Midstream, LLC since 2010 and has over 35 years of experience in the midstream business. Medallion has been a wholly owned ONEOK subsidiary since ONEOK acquired it in October 2024.

3. 03

   The company said Lentz received a one-time special award of restricted stock units with an aggregate grant date value of approximately $1.8 million in connection with his appointment. 3 of 1 of the units will vest on the 1st anniversary of the grant date, and the remaining 3 of 2 will vest on the 2nd anniversary.

4. 04

   In its press release, the company said Sheridan C. Swords is taking on the newly created position of executive vice president and chief commercial officer. In addition to his existing responsibilities, Swords will now also oversee the Natural Gas Pipelines segment. The company also said Lentz is responsible for all of its asset operations.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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