Chad A. Teply - Feb 23, 2023 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Role: SVP Project Execution
Signature: Cheryl L. Mahon, Attorney-in-Fact
Stock symbol: WMB
Transactions as of: Feb 23, 2023
Transactions value $: $699,991
Form type: 4
Date filed: 2/27/2023, 07:09 PM
Previous filing: Feb 25, 2022
Next filing: May 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMB	Common Stock	Award	$700K	+22.5K	+28.47%	$31.05	102K	Feb 23, 2023	Direct	F1

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	+21.8K	+41.45%	$0.00	74.3K	Feb 23, 2023	Common Stock	21.8K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	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.

Content

Restricted stock units convert into common stock on a one-for-one basis.

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.