At what price was the Williams Companies (WMB) share grant to Peter A. Ragauss valued?

The 4,873-share grant to Peter A. Ragauss was valued at $73.04 per share. This price is used for reporting the transaction value and does not necessarily represent an open-market purchase price, since the shares were received as a grant or award.

Williams Companies (WMB) director receives 4,873-share stock award, now holds 75,586 shares

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WILLIAMS COMPANIES, INC. director Peter A. Ragauss reported an acquisition of company shares as part of a compensation grant. On April 28, 2026, he received 4,873 shares of common stock valued at $73.04 per share in a grant or award transaction rather than an open-market purchase.

Following this award, Ragauss directly holds 75,586 shares of Williams Companies common stock. A footnote explains this total includes 2,738 stock units for the 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 reporting under Rule 16a-11.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ragauss Peter A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,873	$73.04	$356K

Holdings After Transaction: Common Stock — 75,586 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 4,873 shares Reported grant value per share: $73.04 per share Total shares held after transaction: 75,586 shares +3 more

6 metrics

Shares granted 4,873 shares Common stock grant on April 28, 2026

Reported grant value per share $73.04 per share Value used for the 4,873-share award

Total shares held after transaction 75,586 shares Direct holdings following the grant

2026 annual stock units 2,738 units Stock units for 2026 annual grant, Section 16 exempt

Dividend equivalents on stock units 2,135 units Dividend equivalents on stock units, Rule 16a-11 exempt

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

Section 16, Rule 16a-11, dividend equivalents, stock units

4 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"

dividend equivalents financial

"and 2,135 dividend equivalents on stock units, which are exempt"

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.

stock units financial

"Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents"

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.

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 02:40 PM

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^*

Ragauss Peter A

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026	04/28/2026	A		4,873⁽¹⁾	A	$73.04	75,586	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Cheryl L. Mahon, 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WILLIAMS COMPANIES (WMB) director Peter A. Ragauss report?

Director Peter A. Ragauss reported receiving 4,873 shares of Williams Companies common stock as a grant or award. This was coded as an acquisition (transaction code A), indicating a compensation-related award rather than an open-market purchase or sale of existing shares.

How many Williams Companies (WMB) shares does Peter A. Ragauss hold after this Form 4 transaction?

After the reported transaction, Peter A. Ragauss directly holds 75,586 Williams Companies common shares. This total includes stock units granted for 2026 and dividend equivalents on those units, combining prior holdings with the newly granted 4,873-share award.

What do the exempt stock units and dividend equivalents mean in the WMB Form 4 filing?

The filing notes 2,738 stock units for the 2026 annual grant and 2,135 dividend equivalents on stock units. These amounts are exempt from Section 16 reporting under Rule 16a-11, meaning they are compensation-related units rather than regular open-market share transactions.

Was the Williams Companies (WMB) Form 4 transaction a market buy or a compensation grant?

The Form 4 transaction for Peter A. Ragauss was a compensation grant, not a market buy. It is coded with transaction code A, described as a grant, award, or other acquisition, indicating shares were awarded as part of his role rather than purchased in the market.