Rinke Todd J. 4

What Happened

• Todd J. Rinke, Senior Vice President of Williams Companies (WMB), was granted 2,467 restricted stock units (RSUs) on 2026-02-18. The reported acquisition price is $0.00 (this is an award/derivative grant, not an open‑market purchase or sale).
• The filing classifies the transaction as a derivative award; the units are subject to vesting and performance conditions and are not immediate share purchases.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (filing appears timely).
• Amount: 2,467 RSUs; reported price $0.00 (award).
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Footnote F1: Vesting/payment is conditioned on certification by the Compensation & Management Development Committee. Performance metrics: return on capital employed and available funds from operations (AFFO) per share, each weighted 50%; relative total shareholder return (TSR) acts as a modifier +/- up to 25%. Final payout may range from 0% to 200% of the reported units.
• Footnote F2: These units reflect an upward adjustment to the 2023 performance‑based RSU award due to performance above target.

Context

• This is a standard performance‑based equity compensation award (not a sale or market purchase). RSUs are a derivative right to receive shares if/when performance and vesting conditions are met; final share count and value depend on later certification and performance outcomes.
• Such awards are compensation for executives and do not by themselves indicate insider buying or selling intent.