Ormond Eric J 4

What Happened

• Eric J. Ormond, Senior Vice President of Williams Companies (WMB), was granted a total of 20,214 restricted stock units (RSUs) on Feb 19, 2026. The grants are reported as: 10,392 time‑based RSUs valued at $72.17 each ($749,991) and 9,822 performance‑based RSUs valued at $72.17 each ($708,854), for a combined reported value of $1,458,845. These are awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-02-19; reported filing date: 2026-02-23 (filed within the standard two business‑day window).
• Reported per‑unit valuation: $72.17; totals: $749,991 (time‑based) + $708,854 (performance‑based) = $1,458,845.
• Shares outstanding/owned after the transaction: not specified in the provided filing excerpt.
• Footnote highlights:
  • F1: Time‑based RSUs convert one‑for‑one into common stock at vesting.
  • F2: Performance‑based RSUs vest only if the Compensation and Management Development Committee certifies attainment of 3‑year performance metrics; payout ranges from 0% to 200% of the awarded units.
• Transaction type: Award/grant (A). These are not option exercises or sales; the performance units are derivative until vested/paid out.

Context

• These awards are part of executive compensation and are typically subject to multi‑year vesting and performance certification. Time‑based RSUs become shares on a 1:1 basis at vesting; performance RSUs may pay out more or less than the award amount depending on results. Such grants are routine compensation disclosures and do not, by themselves, indicate an insider buying or selling based on short‑term market views.