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.

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

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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^*

PICKLE DEBBIE L.

(Last) (First) (Middle)

ONE WILLIAMS CENTER

(Street)

TULSA OK 74172

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/23/2026	02/23/2026	M		32,015	A	$72.98	125,709	D
Common Stock	02/23/2026	02/23/2026	F		14,119(2)	D	$72.98	111,590	D
Common Stock	02/23/2026	02/23/2026	F		9,180(3)	D	$72.98	102,410	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(4)	$0	02/23/2026		M	V		32,015	02/23/2026	02/23/2026	Common Stock	32,015	$0	0	D

Explanation of Responses:

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.

2. A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.

3. 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.

4. 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	02/25/2026
	** 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).
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FAQ

What insider transactions did WMB executive Debbie L. Pickle report on this Form 4?

Debbie L. Pickle reported exercising 32,015 performance-based restricted stock units, converting them into Williams common shares. The company then withheld 14,119 shares from that grant and 9,180 shares from a separate 2023 time-based RSU grant to cover tax obligations.

Did the WMB Form 4 show Debbie L. Pickle buying or selling shares on the open market?

The Form 4 does not reflect open-market buying or selling. It shows an exercise of 32,015 restricted stock units and share dispositions coded "F" that represent shares withheld by Williams to pay tax liabilities, rather than discretionary market sales.

How many Williams (WMB) shares does Debbie L. Pickle own after these transactions?

After the reported RSU vesting and tax-withholding dispositions, Debbie L. Pickle directly owns 102,410 shares of Williams common stock. This figure reflects the net position after exercising 32,015 RSUs and the company withholding 23,299 shares in total to satisfy tax obligations.

What type of equity awards vested for WMB executive Debbie L. Pickle in this filing?

The filing shows vesting of performance-based restricted stock units granted in 2023. Vesting depended on three-year financial performance metrics, with potential payout from 0 percent to 200 percent of awarded units, and the Compensation and Management Development Committee certified performance above target.

Why were some WMB shares withheld in Debbie L. Pickle’s Form 4 transactions?

Williams withheld shares to satisfy tax withholdings owed by Debbie L. Pickle. Specifically, 14,119 shares from the performance-based RSU vesting and 9,180 shares from a 2023 time-based RSU grant were delivered back to the issuer in lieu of cash tax payments.

What does transaction code "M" mean in Debbie L. Pickle’s WMB Form 4?

Transaction code "M" in this context indicates an exercise or conversion of a derivative security, here restricted stock units. In the filing, 32,015 RSUs were converted into an equal number of Williams common shares at a stated per-share value of $72.98.