Rinke Todd J. 4

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.