Form 4: Williams Companies SVP Terrance Lane Wilson Reports Stock Transactions
SEC Form 4 Filing
Terrance Lane Wilson, SVP & General Counsel of Williams Companies, reports the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units.
Summary
- On February 24, 2025, Terrance Lane Wilson, SVP & General Counsel of Williams Companies, reported transactions involving common stock.
- 47,218 shares of common stock vested due to a 2022 performance-based RSU grant at a price of $57.33.
- 20,902 shares were withheld by the issuer to satisfy tax obligations related to the vesting of the performance-based RSU grant.
- 651 shares were withheld by the issuer to satisfy tax obligations related to a 2022 grant of time-based restricted stock units.
- 10,473 shares were withheld by the issuer to satisfy tax obligations related to a 2022 grant of time-based restricted stock units.
- Following these transactions, Wilson directly owns 327,645 shares of Williams Companies common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive, with no inherent positive or negative sentiment.
Future Outlook
The performance-based restricted stock units are subject to the company meeting certain financial metrics over a three-year period, with payout ranging from 0% to 200% of the awarded units.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of the company.
Key Dates
| Date | Description |
|---|---|
| 02/23/2025 | Date exercisable and expiration date of restricted stock units |
| 02/24/2025 | Date of transaction and deemed execution date for common stock and restricted stock units. |
| 02/26/2025 | Date of signature by Attorney-in-fact. |
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