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

Executive Vice President and COO of Williams Companies, Micheal G. Dunn, reports the vesting and subsequent tax withholding of shares related to restricted stock units.

Summary

• On February 26, 2024, Micheal G. Dunn, Executive Vice President & COO of Williams Companies, reported transactions involving the company's common stock.
• 143,062 shares of common stock vested pursuant to a 2021 performance-based RSU grant agreement.
• The vesting included an adjustment for performance exceeding the target, as certified by the Issuer's Compensation and Management Development Committee.
• The issuer withheld 63,153 shares at $34.72 to satisfy tax withholdings related to the vested shares.
• An additional 1,537 shares were withheld at $34.72 to satisfy tax withholdings related to a 2021 grant of time-based restricted stock units.
• A further 24,737 shares were withheld at $34.72 to satisfy tax withholdings related to a 2021 grant of time-based restricted stock units.
• Following these transactions, Dunn directly owns 740,186 shares of Williams Companies common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates