Williams (NYSE: WMB) CFO logs RSU vesting and tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Companies EVP & CFO John Dean Porter reported equity award activity involving performance-based and time-based restricted stock units. On 2026-02-23, 64,029 restricted stock units were exercised or converted into an equal number of shares of common stock at a transaction price of $72.98 per share, reflecting the vesting of a 2023 performance-based RSU grant that was certified above target.
To cover associated tax obligations, 28,139 shares from that vesting and 17,430 additional shares tied to a 2023 time-based RSU grant were withheld by the company as tax-withholding dispositions. After these transactions, Porter directly owned 246,567.06 shares of Williams Companies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
64,029 shares exercised/converted
Mixed
4 txns
Insider
Porter John Dean
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 64,029 | $0.00 | -- |
| Exercise | Common Stock | 64,029 | $72.98 | $4.67M |
| Tax Withholding | Common Stock | 28,139 | $72.98 | $2.05M |
| Tax Withholding | Common Stock | 17,430 | $72.98 | $1.27M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 292,136.06 shares (Direct)
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.
FAQ
What did WMB EVP & CFO John Dean Porter report in this Form 4?
John Dean Porter reported vesting and conversion of restricted stock units into Williams Companies common stock, along with share withholdings to cover taxes. These entries reflect equity compensation mechanics, not open-market stock purchases or sales.
Were the reported WMB transactions open-market buys or sells?
The transactions involve RSU vesting, derivative exercises, and shares withheld for taxes, not open-market buying or selling. Codes M and F indicate derivative conversion and tax-withholding dispositions rather than discretionary trades on the open market.
What are performance-based RSUs mentioned in the WMB Form 4?
The performance-based RSUs vest only if Williams Companies meets three-year performance measures for certain financial metrics. The payout can range from 0% to 200% of the awarded units, based on Compensation and Management Development Committee certification.