Tracy D. Pagliara - 06 Apr 2022 Form 4 Insider Report for Williams Industrial Services Group Inc.

Role: President and CEO, Director
Signature: /s/ Charles E. Wheelock for Tracy D. Pagliara by Power of Attorney
Issuer symbol: N/A
Transactions as of: 06 Apr 2022
Net transactions value: -$47,628
Form type: 4
Filing time: 08 Apr 2022, 17:06:12 UTC
Previous filing: 04 Apr 2022
Next filing: 11 May 2022
SEC: View on sec.gov

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	$47,628	-24,806	-4.2%	$1.92	567,767	06 Apr 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						45,572	06 Apr 2022	Common Stock	45,572		Direct	F1
holding	WLMS	Restricted Stock Units						70,080	06 Apr 2022	Common Stock	70,080		Direct	F2
holding	WLMS	Restricted Stock Units						91,666	06 Apr 2022	Common Stock	91,666		Direct	F3
holding	WLMS	Performance-Based Restricted Stock Units						73,000	06 Apr 2022	Common Stock	73,000		Direct	F4
holding	WLMS	Performance-Based Restricted Stock Units						33,420	06 Apr 2022	Common Stock	33,420		Direct	F5
holding	WLMS	Performance-Based Restricted Stock Units						104,166	06 Apr 2022	Common Stock	104,166		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.