Alan S. Armstrong - 22 Feb 2024 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Signature
Cheryl L. Mahon, Attorney-in-fact
Issuer symbol
WMB
Transactions as of
22 Feb 2024
Net transactions value
$0
Form type
4
Filing time
26 Feb 2024, 15:39:37 UTC
Previous filing
09 Feb 2024
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMB Common Stock Award $0 +120,344 +5.9% $0.000000 2,163,115 22 Feb 2024 Direct F1
holding WMB Common Stock 34,264 22 Feb 2024 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMB Employee Options (Right to Buy) Disposed to Issuer $0 -133,080 -100% $0.000000* 0 23 Feb 2024 Common Stock 133,080 $41.77 Direct F2
transaction WMB Restricted Stock Units Award $0 +184,588 $0.000000 184,588 22 Feb 2024 Common Stock 184,588 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time-based restricted stock units convert into common stock on a one-for-one basis.
F2 Expiration of stock options originally granted February 24, 2014, at no value to reporting person.
F3 Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met applicable performance requirements. Return on capital employed and available funds from operations per share are each weighted at 50 percent and are measured against predetermined targets. Additionally, relative total shareholder return is used as a performance modifier potentially increasing or decreasing the calculated result by up to 25%. The final potential payout will range from 0 percent to 200 percent of the above reported number of units.
F4 Performance-based restricted stock units convert into common stock on a one-for-one basis.