Teply Chad A. 4

What Happened Chad A. Teply, Senior Vice President of Williams Companies (WMB), was granted 12,698 restricted stock units (RSUs) on February 18, 2026. The award was recorded as a derivative acquisition at $0.00 (no cash paid). Footnotes indicate this represents an adjustment to a 2023 performance-based RSU grant due to performance above target.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20). Filing appears timely (within the standard two-business-day window).
• Transaction type/code: Grant/Award (A), 12,698 RSUs, acquisition price $0.00.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: Vesting subject to grant agreement and Compensation & Management Development Committee certification; metrics are Return on Capital Employed (50%) and Available Funds From Operations per share (50%), with relative TSR as a modifier (±25%); final payout can range from 0% to 200% of the awarded units.
• Footnote F2: These units reflect an upward adjustment to the 2023 performance-based RSU grant due to performance greater than target.

Context This is a compensation award (performance-based RSUs), not an open-market purchase or sale. RSUs are derivative awards that convert to shares only if vesting and performance conditions are met, so they do not necessarily indicate immediate insider buying or selling intent. The award’s final size will depend on committee certification and the specified performance metrics.