Sec Form 4 Filing - Cowan Debbie L. @ WILLIAMS COMPANIES, INC. - 2022-02-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Cowan Debbie L.
2. Issuer Name and Ticker or Trading Symbol
WILLIAMS COMPANIES, INC. [ WMB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief HR Officer
(Last) (First) (Middle)
ONE WILLIAMS CENTER
3. Date of Earliest Transaction (MM/DD/YY)
02/22/2022
(Street)
TULSA, OK74172
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock( 1 ) 02/22/2022 M 31,914 A $ 29.51 87,649 D
Common Stock 02/22/2022 F 14,237( 2 ) D $ 29.51 73,412 D
Common Stock( 3 ) 02/22/2022 M 20,423( 4 ) A $ 29.51 93,835 D
Common Stock 02/22/2022 F 9,007( 4 ) D $ 29.51 84,828 D
Common Stock 02/22/2022 F 5,629( 5 ) D $ 29.51 79,199 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units( 1 ) $ 0 02/22/2022 M 31,914 02/22/2022 02/22/2022 Common Stock 31,914 $ 0 103,890 D
Restricted Stock Units( 3 ) $ 0 02/22/2022 M 20,423 02/22/2022 02/22/2022 Common Stock 20,423 $ 0 83,467 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cowan Debbie L.
ONE WILLIAMS CENTER
TULSA, OK74172
SVP & Chief HR Officer
Signatures
Erma L. Matthews, Attorney-in-Fact 02/24/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Payout in shares of common stock of executive performance-based RSUs awarded pursuant to a 2019 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.
( 2 )A portion of the RSUs in footnote (1) above were withheld for taxes.
( 3 )Payout in shares of common stock of RSUs awarded pursuant to a 2019 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.
( 4 )A portion of the RSUs in footnote (3) above were withheld for taxes.
( 5 )A portion of a 2019 grant of time-based RSUs previously reported on an as-owned basis in Table I were withheld for taxes.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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