WMB · Williams Companies, Inc.
One customer — 31% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, Transco's largest customer was Duke Energy Corporation, which accounted for approximately 9 percent of its operating revenue, and NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.”
One customer — 9% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, Transco's largest customer was Duke Energy Corporation, which accounted for approximately 9 percent of its operating revenue, and NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.”
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
Insider Sentiment Score
Peer-relative 0–100 rank of how aggressively insiders accumulated over the trailing 90 days. See the full ranking.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-08-06 | Wingo Robert R. |
Executive Vice President |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2025 grant of time-based restricted stock units previously reported on an as-owned basis in Table I. |
Common Stock
|
8,226 |
| 2026-08-05 | Turner Robb E |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Time-based restricted stock units convert into common stock on a one-for-one basis. |
Common Stock
|
2,785 |
| 2026-08-05 | Helms Lloyd W Jr |
President |
Award↑
Filing footnotes — Common Stock (Direct)
Time-based restricted stock units convert into common stock on a one-for-one basis. |
Common Stock
|
2,785 |
| 2026-08-04 | Jasek Glen G. |
Senior Vice President |
Other↑
|
No Securities Owned
|
0 |
| 2026-08-04 | McCOY THOMAS F |
Senior Vice President |
Other↑
|
No Securities Owned
|
0 |
| 2026-08-04 | Ormond Eric J |
Senior Vice President |
Other↑
|
No Securities Owned
|
0 |
| 2026-08-04 | Fazel Payvand |
Senior Vice President |
Other↑
|
No Securities Owned
|
0 |
| 2026-08-04 | Rinke Todd J. |
Senior Vice President |
Other↑
|
No Securities Owned
|
0 |
| 2026-08-03 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-07-01 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-06-25 | Porter John Dean |
EVP & CFO |
Convert↑
|
Common Stock
|
1,899 |
| 2026-06-25 | Porter John Dean |
EVP & CFO |
Convert↓
|
Employee Options (Right to Buy)
|
1,899 |
| 2026-06-25 | Porter John Dean |
EVP & CFO |
Tax↓
Filing footnotes — Common Stock (Direct)
Reporting person is disposing of common shares to the issuer to pay for the conversion price of the option and tax withholding as part of an exercise and hold transaction. |
Common Stock
|
1,176 |
| 2026-06-01 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-05-19 | BERGSTROM STEPHEN W |
Director |
Gift↓
|
Common Stock
|
16,400 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Sell↓
|
Common Stock
|
1,664 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Convert↓
|
Stock Options (Right to Buy)
|
836 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Convert↑
Filing footnotes — Common Stock (Direct)
Represents the conversion of derivative securities reported in Table II into shares of common stock reported in Table I. |
Common Stock
|
1,664 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Convert↓
|
Stock Options (Right to Buy)
|
1,664 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Sell↓
|
Common Stock
|
836 |
| 2026-05-15 | Jasek Glen G. |
Senior Vice President |
Convert↑
Filing footnotes — Common Stock (Direct)
Represents the conversion of derivative securities reported in Table II into shares of common stock reported in Table I. |
Common Stock
|
836 |
| 2026-05-14 | Larsen Larry C |
Executive Vice President & COO |
Sell↓
|
Common Stock
|
12,000 |
| 2026-05-06 | Porter John Dean |
EVP & CFO |
Sell↓
Filing footnotes — Common Stock (Direct)
This transaction was executed in multiple trades at prices ranging from $74.40- $75.65. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
Common Stock
|
50,000 |
| 2026-05-01 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-04-28 | BERGSTROM STEPHEN W |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 5,476 stock units for 2026 annual grant and 4,879 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
10,355 |
| 2026-04-28 | SPENCE WILLIAM H |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 2,348 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
5,086 |
| 2026-04-28 | Lockhart Carri A. |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 512 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
3,250 |
| 2026-04-28 | Muncrief Richard E |
Director, President and CEO |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 677 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
3,415 |
| 2026-04-28 | CREEL MICHAEL A |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
4,873 |
| 2026-04-28 | Tyson Jesse J |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 677 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
3,415 |
| 2026-04-28 | Ragauss Peter A |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
4,873 |
| 2026-04-28 | ROBESON ROSE M |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 1,080 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
3,818 |
| 2026-04-28 | SHEFFIELD SCOTT D |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Includes 2,738 stock units for 2026 annual grant and 2,135 dividend equivalents on stock units, which are exempt from Section 16 pursuant to Rule 16a-11. |
Common Stock
|
4,873 |
| 2026-04-01 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-03-13 | Fazel Payvand |
Senior Vice President |
Sell↓
|
Common Stock
|
2,898 |
| 2026-03-11 | Rinke Todd J. |
Senior Vice President |
Sell↓
Filing footnotes — Common Stock (Direct)
This transaction was executed in multiple trades at prices ranging from $74.39 - $74.40. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
Common Stock
|
7,364 |
| 2026-03-09 | Fazel Payvand |
Senior Vice President |
Award↑
Filing footnotes — Common Stock (Direct)
Time-based restricted stock units convert into common stock on a one-for-one basis. |
Common Stock
|
5,637 |
| 2026-03-09 | Fazel Payvand |
Senior Vice President |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I. |
Common Stock
|
1,464 |
| 2026-03-09 | Jasek Glen G. |
Senior Vice President |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units. |
Restricted Stock Units
|
5,327 |
| 2026-03-09 | Fazel Payvand |
Senior Vice President |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units. |
Restricted Stock Units
|
5,327 |
| 2026-03-09 | Jasek Glen G. |
Senior Vice President |
Award↑
Filing footnotes — Common Stock (Direct)
Time-based restricted stock units convert into common stock on a one-for-one basis. |
Common Stock
|
5,637 |
| 2026-03-05 | ARMSTRONG ALAN S |
Director |
Other↓
Filing footnotes — Common Stock (Direct)
Reporting person is transferring common stock, which is directly owned, to CCJG Investments, LLC thereby changing the form of ownership of such common stock to indirectly owned. |
Common Stock
|
241,248 |
| 2026-03-05 | ARMSTRONG ALAN S |
Director |
Other↑
|
Common Stock
(I)
|
241,248 |
| 2026-03-02 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on September 10, 2025. |
Common Stock
|
2,000 |
| 2026-02-26 | Hausman Mary A. |
VP Chief Accounting Officer |
Sell↓
Filing footnotes — Common Stock (Direct)
This transaction was executed in multiple trades at prices ranging from $74.91 - $74.94. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
Common Stock
|
10,107 |
| 2026-02-24 | Wilson Terrance Lane |
SVP & General Counsel |
Gift↓
Filing footnotes — Common Stock (Indirect)
Reflects the gift of common stock to a charitable donor advised fund. |
Common Stock
(I)
|
3,000 |
| 2026-02-24 | Wilson Terrance Lane |
SVP & General Counsel |
Sell↓
Filing footnotes — Common Stock (Direct)
This transaction was executed in multiple trades at prices ranging from $72.88 - $72.99. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
Common Stock
|
27,000 |
| 2026-02-23 | Porter John Dean |
EVP & CFO |
Convert↑
Filing footnotes — Common Stock (Direct)
Shares of common stock vesting pursuant to a 2023 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. |
Common Stock
|
64,029 |
| 2026-02-23 | Fazel Payvand |
Senior Vice President |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units. |
Restricted Stock Units
|
6,403 |
| 2026-02-23 | ARMSTRONG ALAN S |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I. |
Common Stock
|
53,462 |