Williams (NYSE: WMB) VP converts RSUs and withholds shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Companies VP and Chief Accounting Officer Mary A. Hausman reported equity compensation activity tied to a 2023 restricted stock unit grant. She exercised 8,559 restricted stock units into 8,559 shares of common stock at a stated price of $72.98 per share and ended with 27,337.041 common shares held directly. Two separate dispositions of 3,422 and 3,425 common shares were made as share withholding to cover tax obligations on both performance-based and time-based RSU vesting, rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,559 shares exercised/converted
Mixed
4 txns
Insider
Hausman Mary A.
Role
VP Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,559 | $0.00 | -- |
| Exercise | Common Stock | 8,559 | $72.98 | $625K |
| Tax Withholding | Common Stock | 3,422 | $72.98 | $250K |
| Tax Withholding | Common Stock | 3,425 | $72.98 | $250K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 34,184.041 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 insider transactions did WMB executive Mary Hausman report on this Form 4?
Mary A. Hausman reported RSU-related equity transactions. She exercised 8,559 restricted stock units into 8,559 Williams Companies common shares, then had shares withheld in two blocks of 3,422 and 3,425 to satisfy tax obligations associated with performance-based and time-based RSU vesting.
Were the WMB Form 4 transactions open-market buys or sells of stock?
The transactions were not open-market trades. They reflect an exercise or conversion of 8,559 restricted stock units into common stock and two tax-withholding dispositions, where 3,422 and 3,425 shares were withheld by the issuer to cover the reporting person’s tax liabilities.
What type of equity awards were involved in the WMB Form 4 for Mary Hausman?
The filing involves performance-based and time-based restricted stock units. 8,559 units vested under a 2023 performance-based RSU grant, and additional shares were linked to a 2023 time-based RSU grant, with vesting and payout governed by grant agreements and committee certification of performance metrics.
How are the performance-based RSUs in the WMB Form 4 structured?
The performance-based restricted stock units vest based on three-year performance measures for specified financial metrics. Vesting is subject to the grant agreement and committee certification, and the payout can range from 0 percent to 200 percent of the originally awarded number of units.