Williams (NYSE: WMB) SVP Thomas McCoy receives stock and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Companies Senior Vice President Thomas F. McCoy reported equity awards that increase his direct ownership in the company. He received 4,322 restricted stock units, which each convert into one share of common stock, and a separate grant of 4,573 shares of common stock.
Part of the award consists of performance-based restricted stock units that vest only if three-year financial performance metrics are certified by the Compensation and Management Development Committee. The payout for these performance units can range from 0% to 200% of the granted units, depending on results.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McCOY THOMAS F
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,322 | $72.17 | $312K |
| Grant/Award | Common Stock | 4,573 | $72.17 | $330K |
Holdings After Transaction:
Restricted Stock Units — 4,322 shares (Direct);
Common Stock — 14,604 shares (Direct)
Footnotes (1)
- Time-based restricted stock units convert into common stock on a one-for-one basis. 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 Thomas F. McCoy report on this Form 4?
Thomas F. McCoy reported equity awards from Williams Companies, including 4,322 restricted stock units and 4,573 shares of common stock. These grants increase his direct ownership and form part of his compensation tied to time-based and performance-based vesting conditions.
How many restricted stock units were granted to the WMB Senior Vice President?
The Senior Vice President received 4,322 restricted stock units from Williams Companies. These time-based units convert into common stock on a one-for-one basis, providing share-based compensation that aligns executive interests with shareholders as the units vest over the applicable service period.
What common stock award did WMB disclose for Thomas F. McCoy?
Williams Companies disclosed a grant of 4,573 shares of common stock to Thomas F. McCoy. This non-derivative award is held directly and is part of his overall equity compensation package, complementing the restricted stock unit awards reported on the same date.
How do the Williams Companies restricted stock units reported by WMB’s executive convert?
The restricted stock units convert into Williams Companies common stock on a one-for-one basis. This means each vested unit turns into one share, directly linking the value of the award to the company’s stock performance over the vesting period.
What are the vesting conditions for the performance-based RSUs reported by WMB?
The performance-based restricted stock units vest only if the Compensation and Management Development Committee certifies that three-year financial performance metrics are met. Depending on results, the payout can range from 0% to 200% of the originally awarded units.
Does the WMB Form 4 show time-based or performance-based equity awards?
The Form 4 shows both time-based and performance-based restricted stock units for Williams Companies’ executive. Time-based units convert one-for-one into common stock, while performance-based units vest only if specified three-year financial metrics are achieved and certified by the board committee.