Williams Companies (NYSE: WMB) COO settles 36,939 RSUs and withholds shares for tax
Rhea-AI Filing Summary
Larry C. Larsen, Executive Vice President & COO of Williams Companies, reported the vesting and settlement of 36,939 restricted stock units into an equal number of shares of common stock, tied to a 2023 performance-based RSU grant. In connection with RSU-related obligations, a total of 26,848 shares of common stock were withheld by the issuer to satisfy tax withholdings at a reference price of $72.98 per share. After these transactions, Larsen directly holds 110,219 shares of Williams Companies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,091 shares
Net Buy
4 txns
Insider
Larsen Larry C
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 36,939 | $0.00 | $0.00 |
| Exercise | Common Stock | 36,939 | $72.98 | $2.70M |
| Exercise Price or Tax Liability | Common Stock | 16,256 | $72.98 | $1.19M |
| Exercise Price or Tax Liability | Common Stock | 10,592 | $72.98 | $773K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 110,219 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.
- F3. 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.
- F4. 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.
Key Figures
RSUs vested and settled: 36,939 units
Shares withheld for tax: 26,848 shares
Tax reference price: $72.98 per share
+3 more
6 metrics
RSUs vested and settled
36,939 units
Restricted Stock Units converting into common stock on 2026-02-23
Shares withheld for tax
26,848 shares
Common stock withheld to satisfy tax withholdings related to RSU grants
Tax reference price
$72.98 per share
Per-share value used for RSU-related common stock and tax-withholding transactions
Post-transaction direct holdings
110,219 shares
Directly held Williams Companies common stock after reported transactions
First tax-withholding block
16,256 shares
Common stock withheld under code F to satisfy tax obligations
Second tax-withholding block
10,592 shares
Additional common stock withheld under code F for tax withholdings
Key Terms
Restricted Stock Units, performance-based restricted stock units, time-based restricted stock units, Compensation and Management Development Committee, +1 more
5 terms
Restricted Stock Units financial
"security_title "Restricted Stock Units" and related vesting disclosure"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"Performance-based restricted stock units. Vesting is subject to applicable grant agreement"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
time-based restricted stock units financial
"grant of time-based restricted stock units previously reported on an as-owned basis"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Compensation and Management Development Committee financial
"as certified by the Issuer's Compensation and Management Development Committee"
tax withholdings financial
"withheld by the Issuer to satisfy tax withholdings of the Reporting Person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What RSU transaction did WMB executive Larry C. Larsen report?
Executive Larry C. Larsen reported the vesting and settlement of 36,939 restricted stock units into common stock. These RSUs relate to a 2023 performance-based grant certified by the Compensation and Management Development Committee, resulting in additional directly held Williams Companies shares.
What type of RSUs were involved in the WMB Form 4 for Larry C. Larsen?
The Form 4 references performance-based restricted stock units from a 2023 grant and related time-based RSUs. Vesting depends on three-year financial performance metrics, with potential payout ranging from 0% to 200% of the awarded units, per the grant terms.