Director at Williams Companies (NYSE: WMB) granted new shares

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lockhart Carri A. reported acquisition or exercise transactions in this Form 4 filing.

WILLIAMS COMPANIES, INC. director Carri A. Lockhart reported a compensation-related equity award of 3,250 shares of common stock on April 28, 2026, at a reference price of $73.04 per share. After this grant, her directly held common stock position is 19,388 shares.

A footnote states that these holdings include 2,738 stock units for the 2026 annual grant and 512 dividend equivalents on stock units, which are described as exempt from Section 16 under Rule 16a-11.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lockhart Carri A.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,250	$73.04	$237K

Holdings After Transaction: Common Stock — 19,388 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock grant size: 3,250 shares Grant reference price: $73.04/share Direct holdings after grant: 19,388 shares +2 more

5 metrics

Stock grant size 3,250 shares Common stock award on April 28, 2026

Grant reference price $73.04/share Price per share for the 3,250-share award

Direct holdings after grant 19,388 shares Total Williams Companies common stock directly held post-transaction

2026 annual grant stock units 2,738 units Stock units for 2026 annual grant noted in footnote

Dividend equivalent units 512 units Dividend equivalents on stock units, exempt under Rule 16a-11

Key Terms

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

4 terms

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"

dividend equivalents financial

"and 512 dividend equivalents on stock units, which are exempt"

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.

stock units financial

"Includes 2,738 stock units for 2026 annual grant and 512 dividend equivalents"

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.

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 02:42 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^*

Lockhart Carri 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		3,250⁽¹⁾	A	$73.04	19,388	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 2,738 stock units for 2026 annual grant and 512 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 WMB director Carri A. Lockhart report?

Carri A. Lockhart reported receiving a grant of 3,250 Williams Companies common shares on April 28, 2026 at a reference price of $73.04. This non-derivative stock award increased her directly held common stock position to 19,388 shares after the transaction.

Was the WMB insider transaction a market purchase or a grant?

The WMB transaction was a grant or award of shares, not a market purchase. The Form 4 uses transaction code "A" and describes it as a grant, award, or other acquisition, indicating compensation-related stock rather than an open-market buy at $73.04 per share.

How many WMB shares does Carri A. Lockhart hold after this Form 4?

After the reported grant, Carri A. Lockhart holds 19,388 Williams Companies common shares directly. This total includes the 3,250-share award reported in the filing, along with previously held shares, giving investors a snapshot of her current direct equity position.

What additional stock units are referenced in the WMB Form 4 footnote?

The footnote notes 2,738 stock units tied to the 2026 annual grant and 512 dividend equivalents on stock units. These instruments are stated as exempt from Section 16 under Rule 16a-11, distinguishing them from the directly reported common stock grant.

Does the WMB Form 4 disclose any derivative securities for Carri A. Lockhart?

The Form 4 data show no derivative transactions or remaining derivative positions for Carri A. Lockhart. All reported activity relates to non-derivative Williams Companies common stock, specifically the 3,250-share grant and her resulting 19,388-share direct holding.