Alan S. Armstrong - 23 Feb 2022 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Role
President & CEO, Director
Signature
Cheryl L. Mahon, Attorney-in-Fact
Issuer symbol
WMB
Transactions as of
23 Feb 2022
Net transactions value
-$75,081
Form type
4
Filing time
25 Feb 2022, 15:11:12 UTC
Previous filing
24 Feb 2022
Next filing
12 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMB Common Stock Award $0 +123,506 +9% $0.000000 1,498,295 23 Feb 2022 Direct F1
transaction WMB Common Stock Options Exercise $4,648,314 +159,681 +11% $29.11 1,657,976 23 Feb 2022 Direct
transaction WMB Common Stock Sale $4,723,395 -156,523 -9.4% $30.18 1,501,453 23 Feb 2022 Direct
holding WMB Common Stock 34,264 23 Feb 2022 By Trust 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 WMB Restricted Stock Units Award $0 +171,798 +24% $0.000000 876,609 23 Feb 2022 Common Stock 171,798 $0.000000 Direct F3
transaction WMB Employee Options (Right to Buy) Options Exercise $0 -53,227 -4.6% $0.000000 1,106,117 23 Feb 2022 Common Stock 53,227 $29.11 Direct
transaction WMB Employee Options (Right to Buy) Options Exercise $0 -53,227 -4.8% $0.000000 1,052,890 23 Feb 2022 Common Stock 53,227 $29.11 Direct
transaction WMB Employee Options (Right to Buy) Options Exercise $0 -53,227 -5.1% $0.000000 999,663 23 Feb 2022 Common Stock 53,227 $29.11 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout in shares of common stock of restricted stock units (RSUs), in a transaction exempt under Rules 16b-3(d) and 16b-6(b), as awarded under The Williams Companies, Inc. 2007 Incentive Plan.
F2 Alan and Shelly Armstrong Family Foundation dated 12/16/2015, Alan and Shelly Armstrong, Trustees.
F3 Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met applicable performance requirements. Return on capital employed and available funds from operations per share are each weighted at 50 percent and are measured against predetermined targets. Additionally, relative total shareholder return is used as a performance modifier potentially increasing or decreasing the calculated result by up to 25%. The final potential payout will range 0 percent to 200 percent of the awarded number of units.