Williams (NYSE: WMB) CFO exercises options, retains about 198K shares

Rhea-AI Filing Summary

WILLIAMS COMPANIES, INC. EVP & CFO John Dean Porter reported an exercise-and-hold transaction in company stock. He exercised 1,899 shares of employee stock options at $24.98 per share and used 1,176 shares of common stock, valued at $77.62 per share, to cover the option cost and related taxes. The shares were returned to the issuer rather than sold on the open market, and he now directly holds about 198,466 common shares.

Insider Trade Summary

1,899 shares exercised/converted

Mixed 3 txns

Insider Porter John Dean

Role EVP & CFO

Type	Security	Shares	Price	Value
Exercise	Employee Options (Right to Buy)	1,899	$24.98	$47K
Exercise	Common Stock	1,899	$24.98	$47K
Tax Withholding	Common Stock	1,176	$77.62	$91K

Holdings After Transaction: Employee Options (Right to Buy) — 0 shares (Direct, null); Common Stock — 198,466.06 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares exercised: 1,899 shares Option exercise price: $24.98/share Shares used for taxes/exercise: 1,176 shares +4 more

7 metrics

Shares exercised 1,899 shares Employee stock options exercised on 2026-06-25

Option exercise price $24.98/share Employee options (Right to Buy) for common stock

Shares used for taxes/exercise 1,176 shares Disposed to issuer at $77.62 to cover cost and tax

Tax/withholding share value $77.62/share Price per common share delivered to issuer

Direct holdings after transaction 198,466.06 shares Common stock directly owned after exercise-and-hold

Option grant exercise date 2019-08-04 Employee options exercised before expiration

Option expiration date 2026-08-04 Employee options (Right to Buy) original expiry

Key Terms

tax-withholding disposition, derivative exercise/conversion, Employee Options (Right to Buy), exercise and hold transaction

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 1,176 common shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for 1,899 shares"

Employee Options (Right to Buy) financial

"security_title: "Employee Options (Right to Buy)" tied to common stock"

exercise and hold transaction financial

"footnote: "as part of an exercise and hold transaction""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 02:00 PM Accepted by SEC EDGAR 06/26/2026 - 01:59 PM Learn about SEC filing dates

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^*

Porter John Dean

(Last) (First) (Middle)

ONE WILLIAMS CENTER

(Street)

TULSA OKLAHOMA 74172

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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

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

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

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	06/25/2026	06/25/2026	M		1,899	A	$24.98	198,466.06	D
Common Stock	06/25/2026	06/25/2026	F(1)		1,176	D	$77.62	197,290.06	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
Employee Options (Right to Buy)	$24.98	06/25/2026	06/25/2026	M			1,899	08/04/2019	08/04/2026	Common Stock	1,899	$24.98	0	D

Explanation of Responses:

1. Reporting person is disposing of common shares to the issuer to pay for the conversion price of the option and tax withholding as part of an exercise and hold transaction.

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	06/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did WMB EVP & CFO John Dean Porter report in this Form 4?

He reported an exercise-and-hold transaction, exercising 1,899 employee stock options and using 1,176 common shares to pay the option cost and related taxes, while retaining the remaining shares as direct holdings.

How many Williams (WMB) stock options did the CFO exercise?

He exercised 1,899 employee stock options at a price of $24.98 per share. These options were originally granted with an exercise date in 2019 and an expiration date in 2026 tied to Williams common stock.

Were any Williams (WMB) shares sold on the open market in this filing?

No open-market sales were reported. Instead, 1,176 common shares were disposed of back to the issuer at $77.62 per share to cover the option conversion price and tax withholding as part of an exercise-and-hold transaction.

How many Williams (WMB) shares does the CFO hold after these transactions?

Following the reported transactions, John Dean Porter directly holds about 198,466 shares of Williams common stock. This figure reflects his updated position after exercising stock options and delivering some shares to the issuer for taxes.

What does a tax-withholding disposition mean in this WMB Form 4?

A tax-withholding disposition means shares are delivered to the issuer to satisfy tax or exercise obligations. Here, 1,176 Williams common shares were returned to the company to pay the option conversion price and associated tax liability instead of using cash.

What type of options did the Williams (WMB) CFO exercise?

He exercised employee stock options labeled as a “Right to Buy” Williams common stock. These options covered 1,899 underlying shares at a $24.98 exercise price and had an expiration date in August 2026 before being fully exercised.