Tracy D. Pagliara - Apr 6, 2022 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
President and CEO, Director
Signature
/s/ Charles E. Wheelock for Tracy D. Pagliara by Power of Attorney
Stock symbol
WLMS
Transactions as of
Apr 6, 2022
Transactions value $
-$47,628
Form type
4
Date filed
4/8/2022, 05:06 PM
Previous filing
Apr 4, 2022
Next filing
May 11, 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 Tax liability -$47.6K -24.8K -4.19% $1.92 568K Apr 6, 2022 Direct F7

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 45.6K Apr 6, 2022 Common Stock 45.6K Direct F1
holding WLMS Restricted Stock Units 70.1K Apr 6, 2022 Common Stock 70.1K Direct F2
holding WLMS Restricted Stock Units 91.7K Apr 6, 2022 Common Stock 91.7K Direct F3
holding WLMS Performance-Based Restricted Stock Units 73K Apr 6, 2022 Common Stock 73K Direct F4
holding WLMS Performance-Based Restricted Stock Units 33.4K Apr 6, 2022 Common Stock 33.4K Direct F5
holding WLMS Performance-Based Restricted Stock Units 104K Apr 6, 2022 Common Stock 104K Direct F6
* 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 136,718 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 70,080 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 91,666 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 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.
F5 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.
F6 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.
F7 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 April 3, 2019 and March 31, 2020.