Williams (NYSE: WMB) CEO receives new stock units and common shares

Rhea-AI Filing Summary

Williams Companies President and CEO Chad J. Zamarin reported awards of restricted stock units and common shares. On February 19, 2026, he acquired 72,682 restricted stock units at a stated transaction price of $72.17 per unit, all held as direct ownership.

On the same date, he also acquired 51,268 shares of common stock, with the form listing a transaction price of $72.17 per share, bringing his directly owned common stock to 710,559 shares. Footnotes indicate some units are time-based and others are performance-based, with payouts potentially ranging from 0% to 200% of the awarded amount, depending on three-year financial performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zamarin Chad J.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	72,682	$72.17	$5.25M
Grant/Award	Common Stock	51,268	$72.17	$3.70M

Holdings After Transaction: Restricted Stock Units — 72,682 shares (Direct); Common Stock — 710,559 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Zamarin Chad J.

(Last) (First) (Middle)

ONE WILLIAMS CENTER

(Street)

TULSA OK 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/19/2026	02/19/2026	A		51,268	A	$72.17	710,559	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	$0	02/19/2026		A	V	72,682		02/19/2029	02/19/2029	Common Stock	72,682	$72.17	72,682	D

Explanation of Responses:

1. Time-based restricted stock units convert into common stock on a one-for-one basis.

2. 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:

	Marium Hannon, Attorney-In-Fact	02/23/2026
	** 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.

FAQ

What insider transactions did WMB President and CEO Chad J. Zamarin report?

Chad J. Zamarin reported equity awards on February 19, 2026. He acquired 72,682 restricted stock units and 51,268 shares of Williams Companies common stock, both listed with a transaction price of $72.17 per unit or share and held as direct ownership.

How many Williams (WMB) restricted stock units were granted to the CEO?

The CEO received 72,682 restricted stock units in this filing. These units convert into common stock on a one-for-one basis, with some awards time-based and others performance-based, potentially paying out between 0% and 200% of the granted amount, depending on three-year financial metrics.

How many Williams Companies (WMB) common shares does the CEO now directly own?

After the reported awards, the CEO directly owns 710,559 shares of Williams common stock. This figure comes from the non-derivative common stock line, which shows 51,268 shares acquired on February 19, 2026 and 710,559 shares owned following that transaction.

What is the structure of the Williams (WMB) performance-based restricted stock units?

The performance-based restricted stock units vest only if three-year financial performance goals are met. A committee must certify the results, and the final payout can range from 0% to 200% of the originally awarded units, based on specified financial metrics not solely tied to share price.

Do Williams (WMB) restricted stock units convert into common stock?

Yes, the restricted stock units convert into Williams common stock on a one-for-one basis. Time-based RSUs vest based on service, while performance-based RSUs vest only if three-year financial targets are achieved and certified by the Compensation and Management Development Committee.

Was this Williams (WMB) CEO transaction a market purchase or an award grant?

The filing classifies both entries as grant or award acquisitions, not open-market purchases. The transaction code is “A” for acquisition, and the description specifies they are grants or awards of restricted stock units and common stock to the President and CEO.