ARMSTRONG ALAN S 4

What Happened Alan S. Armstrong, a director of Williams Companies (WMB), reported an internal transfer on 2026-03-05 involving 241,248 common shares at $72.98 per share (total value reported $17,606,279). The Form 4 shows both a disposition and an acquisition entry for the same number of shares — reflecting a change in the form of ownership rather than a market sale or purchase.

Key Details

• Transaction date: 2026-03-05; price per share: $72.98; total reported value: $17,606,279.
• Reported as "other acquisition or disposition" (code J) — two offsetting entries (disposed and acquired) for 241,248 shares.
• Footnote: Reporting person transferred directly owned common stock to CCJG Investments, LLC, making the shares indirectly owned (F1).
• Filing: Form 4 filed 2026-03-09 for a 2026-03-05 transaction — appears to be timely (filed within the required reporting window).
• The filing does not state total Williams shares held by Armstrong after the transfer.

Context This transaction is a reclassification of ownership (direct → indirect) and not an open-market sale or a purchase that signals buying/selling intent. Transfers to an affiliated entity or vehicle are common for estate, tax, or organizational reasons and should not be read as a straightforward bullish or bearish insider trade.