Alan S. Armstrong - Feb 10, 2023 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Role
President & CEO, Director
Signature
Cheryl L. Mahon, Attorney-in-Fact
Stock symbol
WMB
Transactions as of
Feb 10, 2023
Transactions value $
$5,652,718
Form type
4
Date filed
2/14/2023, 09:32 AM
Previous filing
Jan 18, 2023
Next filing
Feb 23, 2023

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 $5.65M +277K +31.61% $20.40 1.15M Feb 10, 2023 Common Stock 277K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents additional restricted stock units awarded pursuant to the 2020 performance-based RSU grant agreement resulting from performance above target in respect to defined Return on Capital Employed ("ROCE") and Debt to EBITDA ratio metrics, as certified by the Compensation and Management Development Committee.
F2 Represents an adjustment to the restricted stock units awarded pursuant to the 2020 performance-based RSU grant agreement resulting from performance greater than target.