Zamarin Chad J. 4

What Happened Chad J. Zamarin, President, CEO and a director of Williams Companies (WMB), was awarded 27,209 restricted stock units (RSUs) on 2026-02-18. The report lists the units as a derivative grant (27,209 units @ $0.00). This is a compensation award — not an open-market purchase or sale — and has no immediate cash value reported on the Form 4.

Key Details

• Transaction date: 2026-02-18. Form 4 filed 2026-02-20 (appears timely).
• Transaction type/code: A — Grant/award (derivative).
• Amount: 27,209 RSUs reported at $0.00 per unit (reported value $0 on grant).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote F1: Vesting is subject to the grant agreement and committee certification; performance metrics are return on capital employed and available funds from operations per share (each 50%), with relative total shareholder return as a modifier up to ±25%. Final payout can range from 0% to 200% of the awarded units.
• Footnote F2: The reported units reflect an adjustment to a 2023 performance-based RSU grant due to performance greater than target.

Context These RSUs are performance-based awards that will convert to shares only if and when vesting conditions and committee certification are met; they are a form of executive compensation rather than a direct market signal. The F2 note indicates the award size was increased based on better-than-target performance for the prior grant cycle, which can result in future share issuance (dilution) if vested.