Williams (NYSE: WMB) SVP nets shares after RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Companies senior vice president Chad A. Teply reported equity compensation activity tied to a 2023 restricted stock unit grant. On February 23, 2026, 34,478 performance-based RSUs were converted into the same number of common shares at a stated price of $72.98 per share.
To cover tax obligations on these awards, the issuer withheld 15,197 shares related to the performance-based RSUs and 9,886 shares related to a 2023 time-based RSU grant, both at $72.98 per share. After these tax-withholding dispositions, Teply directly owned 142,443 shares of Williams common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,478 shares exercised/converted
Mixed
4 txns
Insider
Teply Chad A.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 34,478 | $0.00 | -- |
| Exercise | Common Stock | 34,478 | $72.98 | $2.52M |
| Tax Withholding | Common Stock | 15,197 | $72.98 | $1.11M |
| Tax Withholding | Common Stock | 9,886 | $72.98 | $721K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 167,526 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.
FAQ
What insider transactions did WMB executive Chad A. Teply report on this Form 4?
Chad A. Teply reported vesting of 34,478 performance-based RSUs converting into common stock, followed by issuer share withholdings of 15,197 and 9,886 shares to satisfy tax obligations on 2023 RSU awards, leaving him with 142,443 Williams common shares held directly.
Were the Williams (WMB) insider transactions open-market buys or sells?
The reported Williams transactions were not open-market buys or sells. RSUs granted in 2023 vested and converted into shares, and the company withheld a portion of those shares—15,197 and 9,886—to cover tax liabilities associated with the equity awards granted to the executive.
What type of RSUs vested for the WMB senior vice president in this filing?
The RSUs were 2023 performance-based awards whose vesting depended on three-year financial metrics. The Compensation and Management Development Committee certified performance above target, leading to 34,478 units converting into common stock, with a potential payout range from 0 percent to 200 percent of granted units.