Rinke Todd J. 4

4 · WILLIAMS COMPANIES, INC. · Filed Feb 25, 2026

AI-generated summary of this filing

Updated Feb 26, 2026

WILLIAMS (WMB) SVP Todd Rinke Exercises RSUs, Shares Withheld

What Happened

Todd J. Rinke, Senior Vice President at Williams Companies (WMB), had 6,698 performance- and time-based restricted stock units convert/vest on Feb 23, 2026. The conversion is reported as an exercise/conversion of a derivative at an underlying price of $72.98, with a gross value of $488,820.
To satisfy tax obligations, the company withheld a total of 5,904 shares (reported in two withholding entries: 3,023 shares worth $220,619 and 2,881 shares worth $210,255). After withholding, Rinke retained approximately 794 shares (approx. $58k at $72.98).

Key Details

Transaction date: 2026-02-23; exercise/conversion price basis shown as $72.98 per share.
Gross shares converted: 6,698; shares withheld for taxes: 5,904; net shares retained: ~794.
Dollar amounts: gross value ~$488,820; amounts withheld ~ $220,619 and ~$210,255 (total ~$430,874).
Footnotes: vesting relates to 2023 performance-based RSU grant (adjusted above target as certified by the Compensation & Management Development Committee) and a 2023 time-based RSU grant; withholdings were used to satisfy tax withholding obligations.
Filing: Report filed 2026-02-25 for transactions on 2026-02-23 (timely filing within typical 2-business-day reporting window).

Context

This was a vesting/conversion of restricted stock units (derivative conversion), not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative step (often called a cashless or net-share settlement) and does not necessarily signal a trading decision about company prospects.
For retail investors, conversions/vestings primarily reflect compensation realization rather than an active buy/sell signal; purchases by insiders are generally more informative about bullish sentiment.

Form 4

Period: 2026-02-23

Senior Vice President

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-23$72.98/sh+6,698$488,820→ 39,323 total
Tax Payment
Common Stock
[F2]
2026-02-23$72.98/sh−3,023$220,619→ 36,300 total
Tax Payment
Common Stock
[F3]
2026-02-23$72.98/sh−2,881$210,255→ 33,419 total
Exercise/Conversion
Restricted Stock Units
[F4]
2026-02-23−6,698→ 0 total
Exercise: $0.00From: 2026-02-23Exp: 2026-02-23→ Common Stock (6,698 underlying)

Footnotes (4)

[F1]Shares of common stock vesting pursuant to a 2023 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee.
[F2]A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.
[F3]Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I.
[F4]Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units.

Signature

Cheryl L. Mahon, Attorney-in-fact|2026-02-25

1 file