Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 8, 2020, the Board of Directors (the "Board") of The Williams
Companies, Inc. (the "Company") appointed Rose M. Robeson to the Board,
effective December 10, 2020. Ms. Robeson will serve on the Board's Compensation
and Management Development Committee and the Environmental, Health and Safety
Committee.
In connection with Ms. Robeson's appointment as a non-employee director,
Ms. Robeson will receive the standard annual benefits paid to each non-employee
director including: (i) $110,000 annual cash retainer; and (ii) $165,000 annual
equity retainer in the form of restricted stock units issued pursuant to The
Williams Companies, Inc. Amended and Restated 2007 Incentive Plan. The annual
cash retainer is paid through quarterly cash payments. The annual equity
retainer is deferred and will not be distributed until the director's retirement
from the Board.
There are no arrangements or understandings between Ms. Robeson and any other
person in connection with her appointment as a director of the Company.
Ms. Robeson is not related to any officer or director of the Company, and there
are no transactions or relationships between Ms. Robeson and the Company and its
subsidiaries that are reportable under Item 404(a) of Regulation S-K.
The Company issued a press release, dated December 9, 2020, announcing the
appointment of Ms. Robeson to the Board, which press release is attached to this
report as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release of the Company dated December 9, 2020.
104 Cover Page Interactive Data File. The cover page XBRL tags are embedded
within the inline XBRL document (contained in Exhibit 101).
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