Alan S.
Filed with the SEC on · Summarized by InvestorsBot
Alan S. Armstrong resigned from The Williams Companies’ Board effective Mar 23, 2026 to accept an appointment as a U.S. Senator (sworn Mar 24). He was Executive Board Chair & EHS committee member. Board size 12→11; Stephen W. Bergstrom named Chair. $WMB 🇺🇸 #WMB #BoardChange
The Compensation & Mgmt Dev Committee modified Armstrong’s 2024/2025 performance equity to avoid penalizing his public service: retirement accelerated to Mar 23, 2026 (from Jul 1, 2026); proration numerators set to 29 & 17 months; awards after Jul 2026 forfeited. $WMB ⚖️ #Compensation #Governance
Estimated aggregate value of the vesting modifications ≈ $2.8M, based on $WMB close $73.60 on Mar 23, 2026 and performance at target. All other award terms (metrics, targets, payment dates) remain unchanged. $WMB 💵 #InvestorAlert #ExecutivePay