# EDGAR Filing Document

**Accession Number:** 0000107263
**File Stem:** 0001209191-23-013445
**Filing Date:** 2023-2
**Character Count:** 7341
**Document Hash:** de0ce06a1d7d80f6f0b651b677e6e21b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-013445.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001209191-23-013445

**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:** Porter John Dean
- **CENTRAL INDEX KEY:** 0001799286

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04174
- **FILM NUMBER:** 23677726

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Porter John Dean<br><sub>(Last) (First) (Middle)</sub><br>ONE WILLIAMS CENTER<br><sub>(Street)</sub><br>TULSA, OK 74172<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP, Controller & CAO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>WILLIAMS COMPANIES, INC. [ WMB ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2023-02-23 |  | A |  | 41868 | A | $31.05 | 111712.06 | D |  |
| Common Stock<sup>(2)</sup> | 2023-02-24 |  | M |  | 17536 | A | $31.18 | 129248.06 | D |  |
| Common Stock | 2023-02-24 |  | F<sup>(3)</sup> |  | 7853 | D | $31.18 | 121395.06 | D |  |
| Common Stock | 2023-02-24 |  | F<sup>(4)</sup> |  | 4618 | D | $31.18 | 116777.06 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units<sup>(5)</sup> | $0.00 | 2023-02-23 |  | A |  | 40448 |  | 2026-02-23 | 2026-02-23 | Common Stock | 40448 | $0.00 | 101797 | D |  |
| Restricted Stock Units<sup>(2)</sup> | $0.00 | 2023-02-24 |  | M |  |  | 17536 | 2023-02-24 | 2023-02-24 | Common Stock | 17536 | $31.18 | 84261 | D |  |

---

### Footnotes:

(1) Restricted stock units convert into common stock on a one-for-one basis.

(2) 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.

(3) A portion of the RSUs in footnote (2) above were withheld for taxes.

(4) A portion of a 2020 grant of time-based RSUs previously reported on an as-owned basis in Table I were withheld for taxes.

(5) 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.

**Signature:** Cheryl L. Mahon, Attorney-in-Fact  
**Date:** 2023-02-27

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**