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Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Pre-tax Compensation Expense and Related Income Tax Benefit

The following table presents the Registrants' pre-tax compensation expense and related income tax benefit for the years ended December 31, 2024, 2023 and 2022 related to performance units and restricted stock units for the Registrants' employees. As a result of OGE Energy's exit of its former midstream business and becoming primarily an electric company, all employees are directly employed by OG&E beginning in 2024.


	OGE Energy						OG&E
Year Ended December 31 (In millions)	2024		2023		2022		2024		2023		2022
Performance units	$	7.9	$	9.3	$	7.2	$	7.9	$	2.2	$	2.2
Restricted stock units		3.8		3.8		2.5		3.8		0.9		0.7
Total compensation expense	$	11.7	$	13.1	$	9.7	$	11.7	$	3.1	$	2.9
Income tax benefit	$	2.8	$	3.2	$	2.3	$	2.8	$	0.7	$	0.7

Schedule of Performance Units Granted and Assumptions Used to Calculate Grant Date Fair Value of Performance Units

The following table presents the number of performance units granted and the assumptions used to calculate the grant date fair value of the performance units.


	OGE Energy									OG&E
	2024			2023			2022			2024			2023			2022
Number of units granted		275,499			213,442			216,437			275,499			65,069			60,923
Fair value of units granted	$	35.86		$	43.74		$	41.10		$	35.86		$	43.74		$	41.10
Expected dividend yield		5.1	%		4.2	%		4.8	%		5.1	%		4.2	%		4.8	%
Expected price volatility		19.9	%		31.0	%		9.0	%		19.9	%		31.0	%		29.0	%
Risk-free interest rate		4.41	%		4.47	%		1.71	%		4.41	%		4.47	%		1.71	%
Expected life of units (in years)		2.86			2.85			2.85			2.86			2.85			2.85

Schedule of Restricted Stock Units Granted and Grant Date Fair Value

The following table presents the number of restricted stock units granted and the grant date fair value.


	OGE Energy						OG&E
	2024		2023		2022		2024		2023		2022
Restricted stock units granted		148,345		114,926		116,539		148,345		35,034		32,804
Fair value of restricted stock units granted	$	32.74	$	37.52	$	35.72	$	32.74	$	37.52	$	35.72

Schedule of Activity for Performance Units and Restricted Stock Units

The following tables present a summary of the activity for the Registrants' performance units and restricted stock units for the year ended December 31, 2024.


OGE Energy	Performance Units						Restricted Stock Units
(Dollars in millions)	Number of Units				Aggregate Intrinsic Value		Number of Shares			Aggregate Intrinsic Value
Units/shares outstanding at 12/31/23		652,118						223,146
Granted		275,499		(A)				148,345
Converted		(234,672	)	(B)	$	12.7	N/A
Vested	N/A							(101,130	)	$	4.2
Forfeited		(46,753	)					(26,307	)
Units/shares outstanding at 12/31/24		646,192			$	42.5		244,054		$	10.1
Units/shares fully vested at 12/31/24		191,918		(C)	$	12.5	N/A			N/A


OG&E	Performance Units						Restricted Stock Units
(Dollars in millions)	Number of Units				Aggregate Intrinsic Value		Number of Shares				Aggregate Intrinsic Value
Units/shares outstanding at 12/31/23		183,837						64,244
Granted		275,499		(A)				148,345
Converted		(234,672	)	(B)	$	12.7	N/A
Vested	N/A							(101,130	)		$	4.2
Forfeited		(46,753	)					(26,307	)
Employee migration		468,281		(D)				158,902		(D)
Units/shares outstanding at 12/31/24		646,192			$	42.5		244,054			$	10.1
Units/shares fully vested at 12/31/24		191,918		(C)	$	12.5	N/A				N/A

(A)

For performance units, this represents the target number of performance units granted. Actual number of performance units earned, if any, is dependent upon performance and may range from zero percent to 200 percent of the target.

(B)

These amounts represent performance units that vested at December 31, 2023, which were settled in February 2024.

(C)

These amounts represent performance units that vested at December 31, 2024. Actual expected amounts to be paid out in 2025 will differ based on the percentage at which the performance metric was met and are dependent upon Compensation Committee approval.

(D)

As a result of OGE Energy's exit of its former midstream business and becoming primarily an electric company, all employees are directly employed by OG&E beginning in 2024.

Summary of Activity for Non-vested Performance Units and Restricted Stock Units

The following tables present a summary of the activity for the Registrants' non-vested performance units and restricted stock units for the year ended December 31, 2024.


OGE Energy	Performance Units						Restricted Stock Units
	Number of Units				Weighted-Average Grant Date Fair Value		Number of Shares			Weighted-Average Grant Date Fair Value
Units/shares non-vested at 12/31/23		417,446			$	42.44		223,146		$	36.64
Granted		275,499		(A)	$	35.86		148,345		$	32.74
Vested		(191,918	)		$	41.10		(101,130	)	$	41.29
Forfeited		(46,753	)		$	39.85		(26,307	)	$	35.13
Units/shares non-vested at 12/31/24		454,274			$	39.28		244,054		$	34.81


OG&E	Performance Units						Restricted Stock Units
	Number of Units				Weighted-Average Grant Date Fair Value		Number of Shares				Weighted-Average Grant Date Fair Value
Units/shares non-vested at 12/31/23		120,331			$	42.49		64,244			$	36.68
Granted		275,499		(A)	$	35.86		148,345			$	32.74
Vested		(191,918	)		$	41.10		(101,130	)		$	41.29
Forfeited		(46,753	)		$	39.85		(26,307	)		$	35.13
Employee migration		297,115		(B)	$	42.42		158,902		(B)	$	36.62
Units/shares non-vested at 12/31/24		454,274			$	39.28		244,054			$	34.81

(A)

(B)

As a result of OGE Energy's exit of its former midstream business and becoming primarily an electric company, all employees are directly employed by OG&E beginning in 2024.

Summary of Fair Value for Vested Performance Units and Restricted Stock Units

The following table presents a summary of the Registrants' fair value for vested performance units and restricted stock units.


	OGE Energy						OG&E
Year Ended December 31 (In millions)	2024		2023		2022		2024		2023		2022
Performance units	$	7.9	$	9.0	$	6.2	$	7.9	$	2.4	$	1.7
Restricted stock units	$	3.6	$	2.4	$	2.1	$	3.6	$	0.6	$	0.5

Summary of Unrecognized Compensation Cost and Weighted-average Periods Over which Compensation Cost is Expected to be Recognized

The following table presents a summary of the Registrants' unrecognized compensation cost for non-vested performance units and restricted stock units and the weighted-average periods over which the compensation cost is expected to be recognized.


	OGE Energy				OG&E
December 31, 2024	Unrecognized Compensation Cost (In millions)		Weighted Average to be Recognized (In years)		Unrecognized Compensation Cost (In millions)		Weighted Average to be Recognized (In years)
Performance units	$	8.3		1.67	$	8.3		1.67
Restricted stock units		3.9		1.68		3.9		1.68
Total unrecognized compensation cost	$	12.2			$	12.2