Williams (WMB) HR chief nets 102,410 shares after 32,015 RSUs vest
Rhea-AI Filing Summary
Williams Companies SVP & Chief HR Officer Debbie L. Pickle reported equity award activity involving restricted stock units and common shares. On February 23, she exercised 32,015 performance-based restricted stock units, converting them into the same number of Williams common shares at a stated price of $72.98 per share. A portion of these newly vested shares, 14,119 shares, was withheld by the company to cover tax obligations related to the performance-based RSU grant. An additional 9,180 shares from a separate 2023 time-based RSU grant were also withheld to satisfy tax withholdings. After these tax-withholding dispositions, Pickle directly owned 102,410 Williams common shares. The footnotes explain that the vesting of the performance-based RSUs was tied to three-year financial performance metrics, with payout certified above target by the company’s Compensation and Management Development Committee.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 32,015 | $0.00 | -- |
| Exercise | Common Stock | 32,015 | $72.98 | $2.34M |
| Tax Withholding | Common Stock | 14,119 | $72.98 | $1.03M |
| Tax Withholding | Common Stock | 9,180 | $72.98 | $670K |
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. 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.