Fazel Payvand 4

What Happened

• Fazel Payvand, Senior Vice President of Williams Companies (WMB), received equity awards on 2026-03-09 totaling 10,964 restricted stock units (RSUs) at $73.18 per share (total value $802,346). On the same date, 1,464 shares were withheld by the issuer to satisfy tax withholdings (disposed) at $73.18 per share for $107,136.

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (timely filing).
• Awards: 5,637 time‑based RSUs @ $73.18 = $412,516; 5,327 performance‑based RSUs (derivative) @ $73.18 = $389,830.
• Tax withholding: 1,464 shares withheld (code F) @ $73.18 = $107,136 to cover tax liability from a 2023 RSU grant (footnote F1).
• RSU mechanics: Time‑based RSUs convert 1:1 into common stock (F2). Performance RSUs vest contingent on committee certification of 3‑year performance measures and pay out 0%–200% of the awarded units (F3).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• These transactions are awards (compensation) and a routine tax withholding — not an open‑market purchase or sale signaling an investment decision. The performance RSUs are contingent on future performance metrics and may pay out at a multiple (0–200%) depending on results.