Porter John Dean 4

What Happened Porter John Dean, EVP & CFO of Williams Companies, received two equity awards on February 19, 2026. He was granted 20,784 time‑based restricted stock units (RSUs) at $72.17 each (value $1,499,981) and 19,644 performance‑based RSUs (reported as a derivative award) at $72.17 each (value $1,417,707). These transactions are award/grant (code A) entries — compensation-related issuances rather than open‑market purchases or sales.

Key Details

• Transaction date and price: 2026-02-19; $72.17 per share for both grants.
• Awards: 20,784 time‑based RSUs (F1) and 19,644 performance‑based RSUs (F2).
• Reported values: $1,499,981 (time‑based) and $1,417,707 (performance‑based); total ≈ $2,917,688.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = time‑based RSUs convert one‑for‑one into common shares. F2 = performance RSUs vest only if the Compensation & Management Development Committee certifies achievement of 3‑year performance metrics; payout can range from 0% to 200% of the awarded units.
• Filing timeliness: Report filed 2026-02-23 for a 2026-02-19 transaction — appears timely (within the standard two business‑day Form 4 reporting window).
• Transaction type: Award/grant (A); the performance award is reported as a derivative.

Context These awards are standard executive compensation grants and do not represent an open‑market purchase or sale. Time‑based RSUs convert to shares on a one‑for‑one basis when they vest; the performance RSUs may result in more, fewer, or no shares depending on multi‑year performance certification (0–200% payout). As with most grants, this is primarily a compensation event and should be interpreted differently than insider purchases or sales.