Invest in ONEOK
With the Employee Stock Purchase Plan (ESPP), you can purchase ONEOK common stock through payroll deductions at a 15% discount.
Overview
Benefits of the ESPP
- Increase your ownership of company stock on a regular basis.
- Purchase company stock at a 15% discount.
- Reinvest dividends to purchase additional shares.
- Save for your retirement and other financial goals.
Enrollment Period
The ESPP allows you to purchase ONEOK stock at a 15% discount for the lower average price at the beginning or end of the offering period. During the ESPP enrollment period, you can elect to participate in the upcoming ESPP offering period by setting aside contributions through payroll deductions. You can contribute 1% to 10% of your base pay per pay period (up to $25,000 per calendar year). Due to IRS regulations, some participants may be further limited. Enrollment for the offering periods takes place in December and June. Once you're enrolled, your election carries over to future offering periods unless you opt out or select a different percentage.
The percentage you elect will be withheld from each pay period on an after-tax basis. After the offering period closes, a stock purchase will be made. E-Trade will hold these shares in an individual account established for you.
Offering Period
If you’re eligible, you may enroll or make changes to your elections in the ESPP two times per year — called offering periods.
An offering period is a six-month period from January through June and July through December during which your payroll contributions will accumulate for the purpose of purchasing company stock at the end of each period.