Williams (NYSE: WMB) SVP & General Counsel sells 27,000 shares
Rhea-AI Filing Summary
Williams Companies SVP & General Counsel Terrance Lane Wilson reported multiple equity transactions in company stock. On February 24, he completed an open-market sale of 27,000 shares of common stock at a weighted average price of $72.92 per share, leaving 293,159 common shares held directly after this sale.
On February 23, performance-based restricted stock units granted in 2023 were exercised for 44,327 common shares, increasing his direct common share position to 351,728 shares before withholdings. The filing notes these RSUs vest based on three-year financial performance metrics, with potential payout ranging from 0% to 200% of the original award.
Also on February 23, the issuer withheld 19,501 shares and 12,068 shares of common stock at $72.98 per share to cover Mr. Wilson’s tax obligations related to these equity awards. Separately, the filing records 3,100 common shares held indirectly in a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,000 | $72.92 | $1.97M |
| Exercise | Restricted Stock Units | 44,327 | $0.00 | -- |
| Exercise | Common Stock | 44,327 | $72.98 | $3.23M |
| Tax Withholding | Common Stock | 19,501 | $72.98 | $1.42M |
| Tax Withholding | Common Stock | 12,068 | $72.98 | $881K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares of common stock vesting pursuant to a 2023 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee. A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person. Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I. This transaction was executed in multiple trades at prices ranging from $72.88 - $72.99. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. 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.
