Executive equity: Williams (NYSE: WMB) SVP discloses stock and RSU stakes

Rhea-AI Filing Summary

Williams Companies, Inc. Senior Vice President Fazel Payvand filed an initial statement of beneficial ownership. The filing lists direct holdings of 29,747 shares of common stock and several grants of restricted stock units (RSUs), including blocks such as 1,833, 2,196, 3,942 and 6,403 units as of February 21, 2026.

Time-based RSUs convert into common stock on a one-for-one basis. Performance-based RSUs vest only if three-year financial performance measures are certified, with a payout range from 0% to 200% of the awarded number of units.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Fazel Payvand

(Last) (First) (Middle)

ONE WILLIAMS CENTER

(Street)

TULSA OK 74172

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/21/2026

3. Issuer Name and Ticker or Trading Symbol
WILLIAMS COMPANIES, INC. [ WMB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	29,747	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	02/19/2029	02/19/2029	Common Stock	1,833	$0	D
Restricted Stock Units(2)	02/23/2026	02/23/2026	Common Stock	6,403	$0	D
Restricted Stock Units(2)	02/20/2028	02/20/2028	Common Stock	2,196	$0	D
Restricted Stock Units(2)	02/21/2027	02/22/2027	Common Stock	3,942	$0	D

Explanation of Responses:

1. Time-based restricted stock units convert into common stock on a one-for-one basis.

2. Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units.

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the WMB Form 3 filed by Fazel Payvand report?

The Form 3 reports Fazel Payvand’s initial beneficial ownership in Williams Companies. It shows direct holdings of common stock and multiple restricted stock unit awards, establishing a baseline of his equity position as Senior Vice President as of February 21, 2026.

How many Williams (WMB) common shares does Fazel Payvand directly hold?

Fazel Payvand directly holds 29,747 shares of Williams Companies common stock. This figure represents his total direct common share position reported in the Form 3 as of February 21, 2026, and serves as a starting reference for any future insider trading disclosures.

What restricted stock units are reported in the WMB Form 3 for Fazel Payvand?

The Form 3 lists several restricted stock unit awards, including positions of 1,833, 2,196, 3,942 and 6,403 RSUs. These units represent deferred equity compensation that may convert into Williams common stock over time, subject to applicable vesting conditions and performance requirements.

How do time-based RSUs for Williams (WMB) convert into common stock?

Time-based restricted stock units convert into Williams common stock on a one-for-one basis. Once vesting conditions tied to service time are met, each unit becomes one share of common stock, aligning the executive’s compensation more closely with long-term shareholder value.

How are performance-based RSUs for WMB structured in this filing?

Performance-based RSUs vest only if three-year financial performance metrics are achieved and certified. The payout can range from 0% to 200% of the awarded units, depending on results, creating a direct link between Williams’ multi-year financial performance and the executive’s equity compensation.

Why is Fazel Payvand’s Form 3 important for Williams (WMB) investors?

Form 3 shows the starting equity holdings of a key Williams executive, including common stock and RSUs. It helps investors understand how much of his compensation is tied to Williams’ long-term performance through time-based and performance-based stock units reported as of February 21, 2026.