Pierce H. Norton II is the President and CEO of ONEOK, Inc. He took on this role after a successful tenure at ONE Gas, which he led from its launch in 2014 until 2021. With nearly a decade at ONEOK...

Number of Employees

4.78K

Year

2023

Total Compensation

$4.09M

Salary

$835.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, while ensuring competitive compensation to attract and retain talent.

Bonus

$2.10M

Board Justification

Annual short-term cash incentive awards earned based on company performance and individual performance for the fiscal year 2023, paid in 2024.

Other

$336.99K

Board Justification

Includes contributions to the 401(k) plan, profit-sharing contributions, and charitable contributions made on behalf of the CEO.

Restricted Stock

$813.39K(13.44K RSU)

Board Justification

Restricted units and performance units that vested in 2023, based on the company's total shareholder return performance relative to peers.

Performance Metrics

The performance metrics for determining the CEO's compensation included earnings per share (EPS), return on invested capital (ROIC), total recordable incident rate (TRIR), and agency reportable environmental event rate (AREER).

SEC Filing

From April 3, 2024

Pierce H. Norton II

CEO of Oneok

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Education

Bachelor of Science degree in mechanical engineering from the University of Alabama

Field of Expertise

Technology & Engineering - Engineering

Born

May 1, 1960 - 64 years ago

Is Founder?

No

Current Tenure

3 years 6 months (Jun 2021 - Present)

Previous Experience

President and CEO of ONE Gas, Inc.