Director at Williams Companies (NYSE: WMB) gets stock grant

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CREEL MICHAEL A reported acquisition or exercise transactions in this Form 4 filing.

Williams Companies director Michael A. Creel reported a compensation-related stock grant and updated holdings. He received 4,873 shares of common stock as a grant or award at $73.04 per share, bringing his directly held stake to 84,658 shares.

He also reported 54,725 shares held indirectly by a trust. A related footnote states this indirect position includes 2,738 stock units from a 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 under Rule 16a-11. The filing reflects awards and holdings rather than open‑market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CREEL MICHAEL A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,873	$73.04	$356K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 84,658 shares (Direct, null); Common Stock — 54,725 shares (Indirect, By Trust)

Footnotes (1)

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Key Figures

Stock grant: 4,873 shares Grant price: $73.04 per share Direct holdings after grant: 84,658 shares +3 more

6 metrics

Stock grant 4,873 shares Common Stock grant or award to director Michael A. Creel

Grant price $73.04 per share Price assigned to 4,873-share stock grant

Direct holdings after grant 84,658 shares Common Stock directly held by Michael A. Creel

Indirect trust holdings 54,725 shares Common Stock held indirectly by trust

2026 annual stock units 2,738 units Stock units for 2026 annual grant, exempt under Rule 16a-11

Dividend equivalents 2,135 units Dividend equivalents on stock units, exempt under Rule 16a-11

Key Terms

Grant, award, or other acquisition, stock units, dividend equivalents, Section 16, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

stock units financial

"Includes 2,738 stock units for 2026 annual grant"

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 2,135 dividend equivalents on stock units"

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

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

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 02:44 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^*

CREEL MICHAEL A

(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		4,873⁽¹⁾	A	$73.04	84,658	D
Common Stock								54,725	I	By Trust

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 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Cheryl L. Mahon, 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 Michael A. Creel report at Williams Companies (WMB)?

Michael A. Creel reported receiving 4,873 shares of Williams Companies common stock as a grant or award. The shares were valued at $73.04 each, reflecting compensation rather than an open‑market purchase, and increased his directly held ownership stake in the company.

How many Williams Companies (WMB) shares does Michael A. Creel hold after this Form 4?

After the reported grant, Michael A. Creel directly holds 84,658 Williams Companies shares. He also has an indirect holding of 54,725 shares through a trust, giving him a substantial overall equity position as reported in this Form 4 filing.

Was the Williams Companies (WMB) Form 4 transaction an open-market buy or a grant?

The Form 4 shows a grant or award of 4,873 Williams Companies shares to Michael A. Creel at $73.04 per share. This represents compensation-related stock, not an open‑market purchase or sale, and is coded as a grant, award, or other acquisition.

What indirect holdings in Williams Companies (WMB) does Michael A. Creel report?

Michael A. Creel reports 54,725 Williams Companies shares held indirectly by a trust. A footnote explains this includes 2,738 stock units from a 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt under Rule 16a-11 of Section 16.

What is the significance of the stock units and dividend equivalents in WMB’s Form 4?

The filing notes 2,738 stock units for a 2026 annual grant and 2,135 dividend equivalents on stock units connected to Michael A. Creel’s holdings. These awards are exempt from Section 16 reporting under Rule 16a-11 and represent additional compensation-linked equity exposure.