0001209191-23-013451.txt : 20230227 0001209191-23-013451.hdr.sgml : 20230227 20230227201602 ACCESSION NUMBER: 0001209191-23-013451 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230223 FILED AS OF DATE: 20230227 DATE AS OF CHANGE: 20230227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cowan Debbie L. CENTRAL INDEX KEY: 0001757747 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04174 FILM NUMBER: 23677779 MAIL ADDRESS: STREET 1: ONE WILLIAMS CENTER CITY: TULSA STATE: OK ZIP: 74172 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS COMPANIES, INC. CENTRAL INDEX KEY: 0000107263 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 730569878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE WILLIAMS CTR CITY: TULSA STATE: OK ZIP: 74172 BUSINESS PHONE: 9185732000 MAIL ADDRESS: STREET 1: ONE WILLIAM CENTER CITY: TULSA STATE: OK ZIP: 74172 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS COMPANIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS BROTHERS COMPANIES DATE OF NAME CHANGE: 19710817 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-02-23 0 0000107263 WILLIAMS COMPANIES, INC. WMB 0001757747 Cowan Debbie L. ONE WILLIAMS CENTER TULSA OK 74172 0 1 0 0 SVP & Chief HR Officer Common Stock 2023-02-23 4 A 0 20934 31.05 A 101485 D Common Stock 2023-02-24 4 M 0 55418 31.18 A 156903 D Common Stock 2023-02-24 4 F 0 24440 31.18 D 132463 D Common Stock 2023-02-24 4 F 0 9729 31.18 D 122734 D Restricted Stock Units 0.00 2023-02-23 4 A 0 20224 0.00 A 2026-02-23 2026-02-23 Common Stock 20224 117959 D Restricted Stock Units 0.00 2023-02-24 4 M 0 55418 31.18 D 2023-02-24 2023-02-24 Common Stock 55418 62541 D Restricted stock units convert into common stock on a one-for-one basis. Payout in shares of common stock of RSUs awarded pursuant to a 2020 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. A portion of the RSUs in footnote (2) above were withheld for taxes. A portion of a 2020 grant of time-based RSUs previously reported on an as-owned basis in Table I were withheld for taxes. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met applicable performance requirements. Return on capital employed and available funds from operations per share are each weighted at 50 percent and are measured against predetermined targets. Additionally, relative total shareholder return is used as a performance modifier potentially increasing or decreasing the calculated result by up to 25%. The final potential payout will range 0 percent to 200 percent of the awarded number of units. Cheryl L. Mahon, Attorney-in-Fact 2023-02-27