Charles E. Wheelock - Mar 31, 2022 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
SVP, Chief Admin Off, GC, Sec
Signature
/s/ Charles E. Wheelock
Stock symbol
WLMS
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 04:53 PM
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 +8.94K +10.07% 97.7K Mar 31, 2022 Direct F1
transaction WLMS Common Stock, $0.01 par value per share Options Exercise +14.3K +14.66% 112K Mar 31, 2022 Direct F2

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 -8.94K -100% $0.00* 0 Mar 31, 2022 Common Stock 8.94K Direct F1
transaction WLMS Restricted Stock Units Options Exercise $0 -14.3K -50% $0.00 14.3K Mar 31, 2022 Common Stock 14.3K Direct F2
transaction WLMS Restricted Stock Units Award $0 +27.5K $0.00 27.5K Mar 31, 2022 Common Stock 27.5K Direct F3
holding WLMS Restricted Stock Units 22.8K Mar 31, 2022 Common Stock 22.8K Direct F4
holding WLMS Performance-Based Restricted Stock Units 18K Mar 31, 2022 Common Stock 18K Direct F5
holding WLMS Performance-Based Restricted Stock Units 4.1K Mar 31, 2022 Common Stock 4.1K Direct F6
holding WLMS Performance-Based Restricted Stock Units 30.3K Mar 31, 2022 Common Stock 30.3K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 3, 2019, the reporting person was granted 26,818 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 2020, 2021 and 2022, 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, 2020, the reporting person was granted 42,979 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 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.
F3 On March 31, 2022, the reporting person was granted 27,466 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).
F4 On March 31, 2021, the reporting person was granted 22,759 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).
F5 Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of the issuer's common stock. The applicable performance goal will be satisfied if the issuer's common stock achieves a specified per share market price for any period of 30 consecutive trading days prior to December 31, 2022 (the "2016 performance goal"). If the 2016 performance goal is met, the PRSUs will vest on December 31, 2022, subject to continued employment through the vesting date.
F6 Each PRSU represents a contingent right to receive one share of the issuer's common stock. The applicable performance goal will be satisfied if the issuer's common stock achieves a specified per share market price for any period of 30 consecutive trading days prior to December 31, 2022 (the "2017 performance goal"). If the 2017 performance goal is met, the PRSUs will vest on December 31, 2022, subject to continued employment through the vesting date.
F7 Each PRSU represents a contingent right to receive one share of the issuer's common stock. The applicable performance goal has been met and, accordingly, the PRSUs will vest on December 31, 2022, subject to continued employment through the vesting date.