Zamarin Chad J. 4

What Happened

• Chad J. Zamarin, President, CEO and Director of Williams Companies (WMB), was granted stock awards on Feb 19, 2026. He received 51,268 time-based restricted stock units (RSUs) and 72,682 performance-based RSUs. The grants are reported at a grant-date value of $72.17 per share, totaling approximately $3.70M for the time-based RSUs and $5.25M for the performance RSUs (combined ≈ $8.95M).
• These are awards/grants (code A on the Form 4), not open-market purchases or sales. The performance RSUs are derivative awards whose ultimate payout depends on future performance and committee certification.

Key Details

• Transaction date: 2026-02-19; reported on Form 4 filed 2026-02-23.
• Grant price / grant-date value used: $72.17 per share.
• Award breakdown: 51,268 time-based RSUs (≈ $3,700,012) and 72,682 performance-based RSUs (≈ $5,245,460).
• Shares owned after transaction: not disclosed in the provided filing details.
• Filing timeliness: Form 4 was filed four days after the grants (appears later than the standard two-business-day reporting window).
• Footnotes: F1 = time-based RSUs convert one-for-one into common stock upon vesting. F2 = performance-based RSUs vest based on three-year performance metrics (certified by the Compensation committee); payout can range from 0% to 200% of the awarded units.

Context

• Time-based RSUs will convert into common shares on a one-for-one basis when they vest. Performance RSUs are contingent on multi-year performance targets and may pay out more, less, or zero units depending on results and certification.
• Awards are common compensation for executives and do not equal open-market purchases or sales; they reflect compensation/retention practices rather than an immediate insider buy/sell signal.