Williams (NYSE: WMB) EVP & COO Larry Larsen receives new stock and RSU awards

Rhea-AI Filing Summary

The Williams Companies Executive Vice President & COO Larry C. Larsen received equity awards in the form of restricted stock units and common stock. On February 19, 2026, he was granted 21,281 restricted stock units and 22,516 shares of common stock at a reference price of $72.17 per share. The filing notes that certain restricted stock units convert into common stock on a one-for-one basis, and some are performance-based, with vesting tied to three-year financial metrics and potential payout between 0% and 200% of the awarded units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Larsen Larry C

Role Executive Vice President & COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	21,281	$72.17	$1.54M
Grant/Award	Common Stock	22,516	$72.17	$1.62M

Holdings After Transaction: Restricted Stock Units — 21,281 shares (Direct); Common Stock — 100,128 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Larsen Larry C

(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)
	Executive Vice President & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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)	02/19/2026	02/19/2026	A		22,516	A	$72.17	100,128	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(2)	$0	02/19/2026		A	V	21,281		02/19/2029	02/19/2029	Common Stock	21,281	$72.17	21,281	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	02/23/2026
	** 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.

FAQ

What equity awards did WMB executive Larry C. Larsen receive in this Form 4?

Larry C. Larsen received a grant of restricted stock units and common stock. The filing reports 21,281 restricted stock units and 22,516 shares of common stock, both referenced at a price of $72.17 per share, as part of his executive compensation.

Are Larry C. Larsen’s WMB restricted stock units time-based or performance-based?

The filing indicates both time-based and performance-based restricted stock units. Some units convert to common stock on a one-for-one basis over time, while others vest only if three-year financial performance metrics are certified, with payouts ranging from 0% to 200% of awarded units.

How many Williams Companies common shares does Larry C. Larsen hold after this Form 4?

After the reported grant, Larry C. Larsen holds 100,128 shares of Williams Companies common stock directly. This figure reflects his total direct ownership following the February 19, 2026 award transaction reported in the Form 4 filing.

What does the 0% to 200% payout range mean for WMB performance-based RSUs?

The 0% to 200% payout range means performance-based restricted stock units may settle into between zero and double the awarded units. Actual payout depends on three-year financial performance metrics and Certification by the Compensation and Management Development Committee.

Does this WMB Form 4 show Larry C. Larsen buying or selling shares on the market?

The Form 4 shows equity awards, not market purchases or sales. Transactions are coded as acquisitions through grants of restricted stock units and common stock, reflecting compensation rather than open‑market trading activity by Larry C. Larsen.