Form 4: Williams Companies SVP & General Counsel Sells 2,000 Shares Under 10b5-1 Plan

Terrance Lane Wilson, SVP & General Counsel of Williams Companies, sold 2,000 shares of common stock at $59.53 per share on April 1, 2025, under a pre-arranged 10b5-1 sales plan.

Summary

• Terrance Lane Wilson, the SVP & General Counsel of Williams Companies, sold 2,000 shares of the company's common stock on April 1, 2025.
• The sale was executed at a price of $59.53 per share.
• The transaction was conducted under a pre-existing 10b5-1 sales plan established on June 14, 2024.
• Following the sale, Wilson directly owns 321,645 shares of Williams Companies' common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any inside information at the time of the transaction.

Comparison to Industry Standards

• Executive stock sales are common across publicly traded companies.
• The use of 10b5-1 plans is a standard practice to avoid accusations of insider trading.
• Comparable companies such as Energy Transfer, Kinder Morgan, and ONEOK also see regular Form 4 filings related to executive stock transactions.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Williams Companies, WMB, Terrance Lane Wilson, SEC Form 4, insider trading, 10b5-1 plan, stock sale, SVP & General Counsel