Director William Spence receives 5,086 Williams (NYSE: WMB) shares

Rhea-AI Filing Summary

SPENCE WILLIAM H reported acquisition or exercise transactions in this Form 4 filing.

WILLIAMS COMPANIES, INC. director William H. Spence reported receiving a grant of 5,086 shares of common stock on April 28, 2026, valued at $73.04 per share. After this compensation-related award, he directly holds 79,051 shares of Williams common stock.

A footnote explains that his holdings include 2,738 stock units for the 2026 annual grant and 2,348 dividend equivalents on stock units, which are treated as exempt from Section 16 reporting under Rule 16a-11.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SPENCE WILLIAM H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,086	$73.04	$371K

Holdings After Transaction: Common Stock — 79,051 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 5,086 shares Grant value per share: $73.04 per share Total shares after grant: 79,051 shares +2 more

5 metrics

Shares granted 5,086 shares Common stock grant on April 28, 2026

Grant value per share $73.04 per share Reported transaction price for granted shares

Total shares after grant 79,051 shares Direct common stock holdings following transaction

2026 annual stock units 2,738 units Stock units for 2026 annual grant, exempt under Rule 16a-11

Dividend equivalent units 2,348 units Dividend equivalents on stock units, exempt under Rule 16a-11

Key Terms

Section 16, Rule 16a-11, stock units, dividend equivalents, +1 more

5 terms

Section 16 regulatory

"which are exempt from Section 16 pursuant to Rule 16a-11"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-11 regulatory

"which are exempt from Section 16 pursuant to Rule 16a-11"

stock units financial

"Includes 2,738 stock units for 2026 annual grant"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

dividend equivalents financial

"and 2,348 dividend equivalents on stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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^*

SPENCE WILLIAM H

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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	04/28/2026	04/28/2026	A		5,086(1)	A	$73.04	79,051	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

Explanation of Responses:

1. Includes 2,738 stock units for 2026 annual grant and 2,348 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Marium Hannon, Attorney-In-Fact	04/30/2026
	** 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 insider transaction did WMB director William H. Spence report?

Director William H. Spence reported receiving a grant of 5,086 shares of Williams Companies common stock. The award was recorded at $73.04 per share and is characterized as a compensation-related grant or award, rather than an open-market purchase, under Form 4 reporting rules.

How many Williams (WMB) shares does William H. Spence hold after this Form 4?

After the reported grant, William H. Spence directly holds 79,051 shares of Williams Companies common stock. This total reflects his position following the 5,086-share award and provides context on his ongoing equity stake as a company director.

Was the WMB Form 4 transaction a grant or an open-market purchase?

The Form 4 identifies the transaction as a grant, award, or other acquisition, coded with transaction code A. This means Spence received shares as part of compensation, not by buying them in the open market at prevailing trading prices.

What are the stock units and dividend equivalents mentioned in the WMB filing?

The filing notes 2,738 stock units for the 2026 annual grant and 2,348 dividend equivalents on stock units. These represent deferred equity-related units and associated dividend credits, and the filing states they are exempt from Section 16 under Rule 16a-11.

Does the WMB Form 4 show any sales or dispositions by William H. Spence?

The Form 4 only reports an acquisition of 5,086 shares through a grant and shows no sales or dispositions. The transaction summary indicates one acquisition event and no corresponding sell, gift, tax-withholding, or restructuring transactions in this particular filing.