Randall R. Lay - Apr 6, 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: Apr 6, 2022
Transactions value $: -$27,648
Form type: 4
Date filed: 4/8/2022, 05:04 PM
Previous filing: Apr 4, 2022
Next filing: Apr 4, 2023

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	Tax liability	-$27.6K	-14.4K	-9.2%	$1.92	142K	Apr 6, 2022	Direct	F4

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
holding	WLMS	Restricted Stock Units						21.9K	Apr 6, 2022	Common Stock	21.9K		Direct	F1
holding	WLMS	Restricted Stock Units						36.3K	Apr 6, 2022	Common Stock	36.3K		Direct	F2
holding	WLMS	Restricted Stock Units						56K	Apr 6, 2022	Common Stock	56K		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).
F2	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).
F3	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).
F4	Reflects withholding of shares by the issuer to offset the tax liability resulting from the vesting on March 31, 2022 with respect to time-based RSUs granted on September 30, 2019 and March 31, 2020.