Chad J. Zamarin - Feb 26, 2024 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Role
Executive Vice President CSD
Signature
Erma L. Matthews, Attorney-in-Fact
Stock symbol
WMB
Transactions as of
Feb 26, 2024
Transactions value $
-$2,629,346
Form type
4
Date filed
2/28/2024, 02:57 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMB Common Stock Options Exercise $0 +119K +21.91% $0.00 663K Feb 26, 2024 Direct F1
transaction WMB Common Stock Tax liability -$1.83M -52.7K -7.94% $34.72 611K Feb 26, 2024 Direct F2
transaction WMB Common Stock Tax liability -$801K -23.1K -3.78% $34.72 588K Feb 26, 2024 Direct F3

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 Restricted Stock Units Options Exercise $0 -119K -100% $0.00* 0 Feb 26, 2024 Common Stock 119K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock vesting pursuant to a 2021 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee.
F2 A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.
F3 Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2021 grant of time-based restricted stock units previously reported on an as-owned basis in Table I.
F4 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.