Were Todd J. Rinke’s WMB share dispositions open-market sales?

No, the reported share dispositions for Williams Companies (WMB) were coded as tax-withholding transactions. Shares were withheld by the issuer to satisfy Rinke’s tax obligations on vested performance-based RSUs and a separate 2023 time-based restricted stock unit grant, rather than sold on the open market.

Equity awards for Williams (NYSE: WMB) SVP vest with tax share withholdings

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Williams Companies Senior Vice President Todd J. Rinke reported equity award activity involving restricted stock units and common stock. On 2026-02-23, 6,698 restricted stock units from a 2023 performance-based grant vested and were converted into 6,698 shares of common stock at a stated price of $72.98 per share.

According to the footnotes, the vesting reflected performance certified by the company’s Compensation and Management Development Committee at above-target levels. A total of 3,023 of these shares were withheld by the issuer to cover tax obligations related to the performance-based RSU vesting, and 2,881 additional shares were withheld to satisfy taxes on a separate 2023 time-based restricted stock unit grant. After these tax-withholding dispositions, Rinke directly owned 33,419 shares of Williams Companies common stock.

Insider Trade Summary

6,698 shares exercised/converted

Mixed 4 txns

Insider Rinke Todd J.

Role Senior Vice President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,698	$0.00	--
Exercise	Common Stock	6,698	$72.98	$489K
Tax Withholding	Common Stock	3,023	$72.98	$221K
Tax Withholding	Common Stock	2,881	$72.98	$210K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 39,323 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.

Form 4 Insider Transactions: What Each Field Means →

02/25/2026 - 04:26 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^*

Rinke Todd J.

(Last)

(First)

(Middle)

ONE WILLIAMS CENTER

(Street)

TULSA

74172

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WILLIAMS COMPANIES, INC. [ WMB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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⁽¹⁾	02/23/2026	02/23/2026	M		6,698	A	$72.98	39,323	D
Common Stock	02/23/2026	02/23/2026	F		3,023⁽²⁾	D	$72.98	36,300	D
Common Stock⁽³⁾	02/23/2026	02/23/2026	F		2,881⁽³⁾	D	$72.98	33,419	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)
Restricted Stock Units⁽⁴⁾	$0	02/23/2026		M	V		6,698	02/23/2026	02/23/2026	Common Stock	6,698	$0	0	D

Explanation of Responses:

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.

2. A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.

3. 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.

4. 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.

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	02/25/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WMB executive Todd J. Rinke report on this Form 4?

Todd J. Rinke reported vesting and conversion of 6,698 restricted stock units into Williams Companies (WMB) common shares, followed by share dispositions to cover tax withholdings. These transactions reflect equity-award settlement activity rather than open-market buying or selling of stock.

How many Williams Companies (WMB) shares did Todd J. Rinke acquire and dispose in this filing?

Rinke acquired 6,698 Williams Companies (WMB) common shares through RSU vesting and conversion. The issuer then withheld 3,023 shares tied to performance-based RSUs and 2,881 shares from a time-based RSU grant to satisfy tax liabilities, leaving 33,419 shares owned directly afterward.

What is the origin of the restricted stock units in Todd J. Rinke’s WMB Form 4?

The restricted stock units arose from a 2023 performance-based RSU grant agreement between Rinke and Williams Companies (WMB). Vesting and payout were based on financial performance metrics certified by the company’s Compensation and Management Development Committee at greater than target levels.

How many Williams Companies (WMB) shares does Todd J. Rinke own after these transactions?

Following the RSU vesting, conversions, and tax-withholding share dispositions, Todd J. Rinke directly owns 33,419 shares of Williams Companies (WMB) common stock. This figure reflects his updated direct holdings as reported in the Form 4 after all transactions on February 23, 2026.