0001104659-20-042661.txt : 20200402 0001104659-20-042661.hdr.sgml : 20200402 20200402212640 ACCESSION NUMBER: 0001104659-20-042661 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200402 DATE AS OF CHANGE: 20200402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PAGLIARA TRACY D CENTRAL INDEX KEY: 0001184391 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16501 FILM NUMBER: 20771473 MAIL ADDRESS: STREET 1: 1800 GARDNER EXPRESSWAY CITY: QUINCY STATE: IL ZIP: 62305 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Williams Industrial Services Group Inc. CENTRAL INDEX KEY: 0001136294 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 731541378 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 100 CRESCENT CENTRE PARKWAY STREET 2: SUITE 1240 CITY: TUCKER STATE: GA ZIP: 30084 BUSINESS PHONE: 770-879-4400 MAIL ADDRESS: STREET 1: 100 CRESCENT CENTRE PARKWAY STREET 2: SUITE 1240 CITY: TUCKER STATE: GA ZIP: 30084 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL POWER EQUIPMENT GROUP INC. DATE OF NAME CHANGE: 20100730 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL POWER EQUIPMENT GROUP INC/ DATE OF NAME CHANGE: 20010309 FORMER COMPANY: FORMER CONFORMED NAME: GEEG INC DATE OF NAME CHANGE: 20010306 4 1 a4.xml 4 X0306 4 2020-03-31 0 0001136294 Williams Industrial Services Group Inc. WLMS 0001184391 PAGLIARA TRACY D C/O WILLIAMS INDUSTRIAL SRVS GRP INC. 100 CRESCENT CENTRE PKWY STE 1240 TUCKER GA 30084 1 1 0 0 President and CEO Common Stock, $0.01 par value per share 2020-03-31 4 M 0 28612 A 377725 D Common Stock, $0.01 par value per share 2020-03-31 4 A 0 83406 A 461131 D Common Stock, $0.01 par value per share 2020-03-31 4 F 0 22084 1.19 D 439047 D Restricted Stock Units 2020-03-31 4 M 0 28612 0 D Common Stock 28612 57224 D Restricted Stock Units 2020-03-31 4 A 0 136718 0 A Common Stock 136718 136718 D On April 3, 2019, the reporting person was granted 85,836 time-based restricted stock units ("RSUs"), which vest in three equal installments on March 31 of each of 2020, 2021 and 2022 and are subject to continued employment through the vesting date. Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2020 in shares of the issuer's common stock. On April 3, 2019, the reporting person was granted cash-based performance awards ("Performance Awards"), which vest in three equal installments on March 31 of each of 2020, 2021 and 2022 and are subject to continued employment through the vesting date. The Performance Awards may be settled in cash or shares of the issuer's common stock (at the election of the issuer). The Compensation Committee determined that a portion of the first installment of the Performance Awards vested, based on the issuer's achievement of the relevant performance conditions, and elected to settle such Performance Awards in shares of the issuer's common stock. The number of shares received was based on the closing price of the issuer's common stock on March 31, 2020. Reflects withholding of shares by the issuer to offset the tax liability resulting from the vesting on March 31, 2020 with respect to (i) 28,612 time-based RSUs granted on April 3, 2019; (ii) 34,722 time-based RSUs granted on June 20, 2018; and (iii) 83,406 Performance Awards. Previously reported as "phantom stock units." The correct title of these securities is "restricted stock units." On March 31, 2020, the reporting person was granted 136,718 time-based RSUs, which vest in three equal installments on June 30, 2021 and March 31 of each of 2022 and 2023 and are subject to continued employment through the vesting date. Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). /s/ Charles E. Wheelock for Tracy D. Pagliara by Power of Attorney 2020-04-02