Williams Companies (NYSE: WMB) SVP granted RSUs and 10,392 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WILLIAMS COMPANIES, INC. Senior Vice President Todd J. Rinke reported equity awards that increase his direct holdings in the company. He received 9,822 restricted stock units at $72.1700 per unit, bringing his direct RSU balance to 9,822 units.
Rinke was also granted 10,392 shares of common stock at $72.1700 per share, raising his directly held common stock to 32,625 shares. Some units are time-based and convert into common stock one-for-one, while others are performance-based and can pay out between 0% and 200% of the awarded amount based on three-year financial metrics.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rinke Todd J.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,822 | $72.17 | $709K |
| Grant/Award | Common Stock | 10,392 | $72.17 | $750K |
Holdings After Transaction:
Restricted Stock Units — 9,822 shares (Direct);
Common Stock — 32,625 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 did WMB Senior Vice President Todd J. Rinke report on this Form 4?
Todd J. Rinke reported equity awards that increase his direct ownership in Williams Companies. He received restricted stock units and common shares as grants, reflecting part of his compensation rather than open-market buying or selling activity.
How many restricted stock units did Todd J. Rinke receive from Williams Companies (WMB)?
Todd J. Rinke received 9,822 restricted stock units at a reference value of $72.1700 per unit. Following this grant, his total directly held restricted stock units stands at 9,822, representing new equity-based compensation tied to Williams Companies.
How do Todd J. Rinke’s Williams Companies (WMB) restricted stock units work?
Some of Rinke’s units are time-based and convert into common stock on a one-for-one basis. Others are performance-based and vest only if three-year financial performance targets are certified, with payouts ranging from 0% to 200% of the granted units.
Are Todd J. Rinke’s Williams (WMB) performance-based RSUs tied to stock price only?
No, the performance-based restricted stock units vest based on three-year financial metrics not solely tied to Williams Companies’ market price. Vesting also requires certification by the Compensation and Management Development Committee under the applicable grant agreement.