Form 4: Williams Companies Executive Vice President Micheal G. Dunn Reports Stock Transactions

Executive Vice President & COO of Williams Companies, Micheal G. Dunn, reports the vesting and subsequent withholding of shares to cover tax obligations related to performance-based and time-based restricted stock units.

Summary

• On February 24, 2025, Micheal G. Dunn, Executive Vice President & COO of Williams Companies, reported transactions involving the company's common stock.
• 109,188 shares of common stock vested due to a 2022 performance-based RSU grant agreement, adjusted for performance exceeding the target.
• The price per share for these transactions was $57.33.
• The reporting person now owns 811,380 shares of common stock.
• 48,198 shares were withheld by the issuer to cover tax obligations related to the vesting of the performance-based RSUs.
• An additional 25,724 shares were withheld to cover tax obligations related to a 2022 grant of time-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, as mandated by the SEC.
• The reporting of RSU vesting and tax withholding is consistent with standard compensation practices and reporting requirements.
• Comparable companies such as Energy Transfer, Kinder Morgan, and Enbridge also have executives who regularly file Form 4s to report similar transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
• The tax withholding impacts the executive's personal finances.

Key Dates