Terry K. Spencer had significant stock holdings in ONEOK, Inc. at the time of his retirement. The most notable part of his wealth came from stock awards, which totaled over $7.5 million last year, thanks to the vesting of significant...

Terry K. Spencer had significant stock holdings in ONEOK, Inc. at the time of his retirement. The most notable part of his wealth came from stock awards, which totaled over $7.5 million last year, thanks to the vesting of significant amounts of restricted stock units (RSUs) upon his retirement. Throughout his time as CEO, he managed to build a robust portfolio focusing on performance-linked stock awards. His holdings peaked, showing he believed in the company's growth during his tenure. After retirement, Spencer's direct holdings were minimized, as most of his wealth was linked to the performance of the company's stocks, demonstrating a strong alignment with shareholders. It highlights how his financial success was closely tied to the company's performance and his commitment to creating shareholder value.