Williams (NYSE: WMB) CAO receives 3,152 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Companies VP and Chief Accounting Officer Mary A. Hausman reported an acquisition of 3,152 restricted stock units (RSUs). These RSUs relate to a 2023 performance-based grant and were increased because company performance exceeded target.
The award vests under the grant agreement after the Compensation and Management Development Committee certifies that performance conditions are met. Metrics include return on capital employed and available funds from operations per share, each weighted 50%, with relative total shareholder return potentially adjusting the outcome by up to 25%. After this adjustment, Hausman holds 8,559 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hausman Mary A.
Role
VP Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,152 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,559 shares (Direct)
Footnotes (1)
- Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met applicable performance requirements. Return on capital employed and available funds from operations per share are each weighted at 50 percent and are measured against predetermined targets. Additionally, relative total shareholder return is used as a performance modifier potentially increasing or decreasing the calculated result by up to 25%. The final potential payout will range 0 percent to 200 percent of the awarded number of units. Represents an adjustment to the restricted stock units awarded pursuant to the 2023 performance-based RSU grant agreement resulting from performance greater than target.
FAQ
What insider transaction did WMB executive Mary A. Hausman report?
Mary A. Hausman reported receiving 3,152 restricted stock units tied to a 2023 performance-based grant. The adjustment reflects company performance above target, increasing her total RSU holdings to 8,559 units, subject to vesting and committee certification of performance results.
Why were additional RSUs granted to the Williams (WMB) Chief Accounting Officer?
The additional 3,152 RSUs represent an adjustment from the 2023 performance-based RSU grant due to performance greater than target. The award size is calibrated to company results under predefined financial and market metrics, as certified by the Compensation and Management Development Committee.
What performance metrics affect WMB’s 2023 performance-based RSUs?
The RSUs are driven by return on capital employed and available funds from operations per share, each weighted at 50%. Relative total shareholder return then acts as a performance modifier, which can increase or decrease the calculated payout result by up to 25% based on comparative shareholder performance.
What is the possible payout range on WMB’s performance-based RSUs?
The final payout on the 2023 performance-based restricted stock units can range from 0% to 200% of the awarded units. This depends on company performance versus predetermined targets and the impact of relative total shareholder return as a performance-based modifier.
How many restricted stock units does Mary A. Hausman hold after this transaction?
After the 3,152-unit performance adjustment, Mary A. Hausman beneficially owns 8,559 restricted stock units. These RSUs remain subject to vesting conditions and confirmation by the Compensation and Management Development Committee that all specified performance requirements have been achieved under the grant agreement.