Randall R. Lay - Mar 31, 2022 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
EVP, Chief Operating Officer
Signature
/s/ Charles E. Wheelock for Randall R. Lay by Power of Attorney
Stock symbol
WLMS
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 04:50 PM
Previous filing
Mar 25, 2022
Next filing
Apr 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLMS Common Stock, $0.01 par value per share Options Exercise +21.9K +16.27% 157K Mar 31, 2022 Direct F1

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 WLMS Restricted Stock Units Options Exercise $0 -21.9K -50% $0.00 21.9K Mar 31, 2022 Common Stock 21.9K Direct F1
transaction WLMS Restricted Stock Units Award $0 +56K $0.00 56K Mar 31, 2022 Common Stock 56K Direct F2
holding WLMS Restricted Stock Units 36.3K Mar 31, 2022 Common Stock 36.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2020, the reporting person was granted 65,704 time-based restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2021, 2022 and 2023, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2022 in shares of the issuer's common stock.
F2 On March 31, 2022, the reporting person was granted 56,000 time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2023, 2024 and 2025, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer).
F3 On March 31, 2021, the reporting person was granted 36,343 time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in full on March 31, 2024, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer).