Form 4 for WMB Williams Companies
Accepted 2023-02-27 00:00:00 ET · period of report 2023-02-23 · accession 0001209191-23-013447 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-27 | 2023-02-23 | WMB | Dunn Micheal G. | EVP, COO | A - Grant | $31.05 | +64.4K | 547.3K | +13% | +$2.00M |
| D | 2023-02-27 | 2023-02-24 | WMB | Dunn Micheal G. | EVP, COO | M - OptEx | $31.18 | +203.2K | 750.5K | +37% | +$6.34M |
| DM | 2023-02-27 | 2023-02-24 | WMB | Dunn Micheal G. | EVP, COO | F - Tax | $31.18 | -124.2K | 626.4K | -17% | -$3.87M |
| D | 2023-02-27 | 2023-02-23 | WMB | Dunn Micheal G. | EVP, COO | A - Grant | $0.00 | +62.2K | 393.9K | +19% | $0 |
| D | 2023-02-27 | 2023-02-24 | WMB | Dunn Micheal G. | EVP, COO | M - OptEx | $31.18 | -203.2K | 190.7K | -52% | -$6.34M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-23 | A | A | 64,412 | $31.05 | 547,333 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2023-02-24 | M | A | 203,202 | $31.18 | 750,535 | D | — | — | (F2) Payout in shares of common stock of RSUs awarded pursuant to a 2020 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee. |
| 3 | Common | Common Stock | 2023-02-24 | F | D | 89,613 | $31.18 | 660,922 | D | — | — | |
| 4 | Common | Common Stock | 2023-02-24 | F | D | 32,561 | $31.18 | 628,361 | D | — | — | |
| 5 | Common | Common Stock | 2023-02-24 | F | D | 1,982 | $31.18 | 626,379 | D | — | — | |
| 6 | Derivative | Restricted Stock Units | 2023-02-23 | A | A | 62,228 | $0.00 | 393,919 | D | $0.00 · 2026-02-23 to 2026-02-23 | 62,228 Common Stock | (F5) 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. |
| 7 | Derivative | Restricted Stock Units | 2023-02-24 | M | D | 203,202 | $31.18 | 190,717 | D | $0.00 · 2023-02-24 to 2023-02-24 | 203,202 Common Stock | (F2) Payout in shares of common stock of RSUs awarded pursuant to a 2020 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee. |