What is the reported price for Scott D. Sheffield’s Williams share grant?

The 4,873-share grant to Scott D. Sheffield is reported at $73.04 per Williams Companies share. This price is used for reporting purposes in the Form 4 and does not indicate that the shares were bought in the open market.

Director Scott Sheffield receives 4,873 Williams (NYSE: WMB) shares

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SHEFFIELD SCOTT D reported acquisition or exercise transactions in this Form 4 filing.

Williams Companies director Scott D. Sheffield received a grant of 4,873 shares of Common Stock on April 28, 2026, valued at $73.04 per share for reporting purposes. After this award, he directly owns 76,302 shares, including stock units and related dividend equivalents noted in the footnotes.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHEFFIELD SCOTT D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,873	$73.04	$356K

Holdings After Transaction: Common Stock — 76,302 shares (Direct, null)

Footnotes (1)

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Key Figures

Share grant size: 4,873 shares Reference price per share: $73.04 per share Total direct holdings after grant: 76,302 shares +2 more

5 metrics

Share grant size 4,873 shares Common Stock award to director on April 28, 2026

Reference price per share $73.04 per share Reporting price for the 4,873-share grant

Total direct holdings after grant 76,302 shares Scott D. Sheffield’s direct ownership following the transaction

2026 annual stock units 2,738 units Stock units for 2026 annual grant included in holdings

Dividend equivalent units 2,135 units Dividend equivalents on stock units noted in footnote

Key Terms

stock units, dividend equivalents, Section 16, Rule 16a-11, +1 more

5 terms

stock units financial

"Includes 2,738 stock units for 2026 annual grant"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

dividend equivalents financial

"and 2,135 dividend equivalents on stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Section 16 regulatory

"which are exempt from Section 16 pursuant to Rule 16a-11"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-11 regulatory

"exempt from Section 16 pursuant to Rule 16a-11"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 02:45 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHEFFIELD SCOTT D

(Last)

(First)

(Middle)

ONE WILLIAMS CENTER

(Street)

TULSA, OK

OKLAHOMA

74172

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026	04/28/2026	A		4,873⁽¹⁾	A	$73.04	76,302	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Marium Hannon, Attorney-In-Fact	04/30/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WMB director Scott D. Sheffield report?

Scott D. Sheffield reported receiving 4,873 shares of Williams Companies (WMB) Common Stock as a grant. The award was recorded at a reference price of $73.04 per share and increased his direct holdings disclosed in this Form 4 filing.

How many Williams (WMB) shares does Scott D. Sheffield hold after this grant?

After the grant, Scott D. Sheffield directly holds 76,302 Williams Companies shares. This total includes the newly awarded 4,873 shares and reflects his direct ownership position as reported in the Form 4 for this transaction.

Was the WMB insider transaction a market purchase or a grant?

The WMB insider transaction was a grant or award, not an open-market purchase. The Form 4 shows transaction code A, indicating a grant, award, or other acquisition as part of compensation rather than a discretionary market trade.

What additional stock-based units are included in Scott D. Sheffield’s WMB holdings?

His holdings include 2,738 stock units from the 2026 annual grant and 2,135 dividend equivalents on stock units. These instruments are exempt from Section 16 reporting under SEC Rule 16a-11, as described in the Form 4 footnote.