Form 4: Williams Companies SVP Larry Larsen Reports Stock Transactions Following RSU Vesting

Senior Vice President of Williams Companies, Larry Larsen, reports acquisition and disposal of common shares related to vesting of restricted stock units (RSUs) and tax withholdings.

Summary

• On February 26, 2024, Larry Larsen, a Senior Vice President at Williams Companies, reported transactions involving the company's common stock.
• These transactions are related to the vesting of 12,704 shares of common stock from a 2021 performance-based RSU grant.
• The vesting was adjusted for performance exceeding the target, as certified by the Issuer's Compensation and Management Development Committee.
• The company withheld 5,751 shares at $34.72 to cover tax obligations related to the vesting of the performance-based RSUs.
• An additional 3,686 shares were withheld at $34.72 to cover tax obligations related to a 2021 grant of time-based restricted stock units.
• Following these transactions, Larsen directly owns 86,016 shares of Williams Companies common stock.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices. The vesting of RSUs suggests the company met performance targets, which is mildly positive. However, the document itself is neutral in tone.

Positives

• The vesting of performance-based RSUs suggests that the company met or exceeded its performance targets, as determined by the Compensation and Management Development Committee.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates transactions related to compensation and tax obligations, which are standard practices.

Stakeholder Impact

• The vesting of RSUs and subsequent tax withholdings have a minor impact on shareholders, employees, and the company's financial position.

Key Dates