Director at Williams Companies (NYSE: WMB) awarded 10,355 shares

Q: Was the WMB Form 4 transaction a market purchase or sale of shares?

The WMB Form 4 transaction was not an open-market trade. It is coded as an “A” transaction, described as a grant, award, or other acquisition of 10,355 shares of Common Stock, rather than a discretionary buy or sell on the open market.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Williams Companies director Stephen W. Bergstrom received an equity award of 10,355 shares of Common Stock, valued at $73.04 per share. This was a grant or other acquisition reported as a Form 4 transaction, not an open-market purchase or sale. Following the award, his directly held common stock position increased to 215,005 shares. A related footnote states this total includes 5,476 stock units for the 2026 annual grant and 4,879 dividend equivalents on stock units, which are treated as exempt from certain insider reporting rules.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BERGSTROM STEPHEN W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,355	$73.04	$756K

Holdings After Transaction: Common Stock — 215,005 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 10,355 shares Grant price: $73.04 per share Shares after transaction: 215,005 shares +2 more

5 metrics

Shares granted 10,355 shares Equity award of Common Stock on April 28, 2026

Grant price $73.04 per share Reported value per share for the 10,355-share award

Shares after transaction 215,005 shares Total directly held Common Stock following the grant

2026 annual stock units 5,476 units Stock units for 2026 annual grant noted in footnote

Dividend equivalents on stock units 4,879 units Dividend equivalents on stock units disclosed in footnote

Key Terms

stock units, dividend equivalents, Section 16, Rule 16a-11

4 terms

stock units financial

"Includes 5,476 stock units for 2026 annual grant and 4,879 dividend equivalents on stock units"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

dividend equivalents financial

"and 4,879 dividend equivalents on stock units, which are exempt from Section 16"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Section 16 regulatory

"which are exempt from Section 16 pursuant to Rule 16a-11"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-11 regulatory

"which are exempt from Section 16 pursuant to Rule 16a-11"

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 02:50 PM

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^*

BERGSTROM STEPHEN W

(Last)

(First)

(Middle)

ONE WILLIAMS CENTER

(Street)

TULSA

OKLAHOMA

74172

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026	04/28/2026	A		10,355⁽¹⁾	A	$73.04	215,005	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 5,476 stock units for 2026 annual grant and 4,879 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Marium Hannon, Attorney-In-Fact	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WILLIAMS COMPANIES (WMB) report for Stephen W. Bergstrom?

WILLIAMS COMPANIES reported an equity grant to director Stephen W. Bergstrom. He acquired 10,355 shares of Common Stock as a grant or award at $73.04 per share, increasing his directly held position to 215,005 shares according to the Form 4 filing.

Was the WMB Form 4 transaction a market purchase or sale of shares?

The WMB Form 4 transaction was not an open-market trade. It is coded as an “A” transaction, described as a grant, award, or other acquisition of 10,355 shares of Common Stock, rather than a discretionary buy or sell on the open market.

How many WMB shares does Stephen W. Bergstrom hold after this Form 4 grant?

After the reported grant, Bergstrom directly holds 215,005 WMB shares. This total reflects his common stock position following the 10,355-share award reported on the Form 4 and provides context for the scale of this compensation-related transaction.

What stock units and dividend equivalents are disclosed for WMB director Stephen W. Bergstrom?

The Form 4 footnote discloses additional stock-based amounts for Bergstrom. It notes 5,476 stock units for the 2026 annual grant and 4,879 dividend equivalents on stock units, which are indicated as exempt from certain Section 16 reporting requirements.

What does the transaction code "A" indicate in the WMB Form 4 filing?

The transaction code “A” indicates a grant, award, or other acquisition. In this WMB filing, it signifies that Stephen W. Bergstrom received 10,355 shares of Common Stock as a compensation-related equity award, rather than engaging in a standard market purchase.