secwatch.observer — SEC 8-K summary
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Issuer:     WILLIAMS COMPANIES, INC. (WMB)
CIK:        0000107263
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0000107263-26-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Williams Companies board chair Alan Armstrong resigns to become U.S. Senator; Bergstrom elected chairman
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- Alan S. Armstrong resigned as Executive Board Chair and director effective March 23, 2026, to accept appointment as U.S. Senator for Oklahoma.
- Stephen W. Bergstrom, former Independent Lead Director, elected Chairman of the Board; board size reduces from 12 to 11.
- Compensation Committee modified Armstrong's 2024 and 2025 performance-based equity awards to avoid penalty for early retirement; estimated value of modification ~$2.8M at $73.60 share price.
- Modified vesting gives Armstrong prorated credit for months through July 2026; he forfeits equity for periods after July 2026.
- Armstrong was sworn in as U.S. Senator on March 24, 2026, per Oklahoma Governor Kevin Stitt's appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000008/0000107263-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107263/000010726326000008/wmb-20260326.htm
  HTML page:      https://secwatch.observer/filing/0000107263-26-000008

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