Insider Cluster (3 insiders) ·Filed May 18, 2026

WMB

WILLIAMS COMPANIES, INC.
NEUTRAL
Impact 2/10
Horizonimmediate Processed4mo ago
Insider cluster: 2 insiders, $983K total
Actionable Insight • Neutral

This insider cluster is immaterial in size and involves non-top-executive insiders. No bearish signal from these sales. Monitor for any future insider buying or larger C-suite sales that would be more informative.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
WMB ▼ -5.14% at T+60d
NEUTRAL call ✗ call lost -5.14% · α vs SPY -9.99% · entry $77.69 → $73.70
Entry anchored
May 18, 12:50 PM ET
via exchange tick
T+1d
+2.20%
call +2.20% · α +2.85%
$79.40
settled 5mo ago
T+5d
-1.74%
call -1.74% · α -3.36%
$76.34
settled 4mo ago
T+20d
-7.99%
call -7.99% · α -9.57%
$71.48
settled 4mo ago
T+60d
-5.14%
call -5.14% · α -9.99%
$73.70
settled 7w ago

Price Chart

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Executive Summary

Two insiders at Williams Companies (WMB) sold a combined ~$983K in open-market transactions over a 3-day window, with the largest sale by EVP & COO Larsen ($918K). The total sales represent just 0.001% of WMB's $97.1B market cap, making this a routine liquidity event with no material signal.

Key Financial Metrics

Direction
selling
Total Value
$983.0K
Insiders
3

Key Facts

  • EVP & COO Larry Larsen sold 12,000 shares at $76.48 for $918K on 2026-05-14
  • SVP Glen Jasek sold 836 shares at $78.13 for $65K on 2026-05-15 (same-day option exercise)
  • Director Stephen Bergstrom gifted 16,400 shares (non-cash, $0 value) on 2026-05-19
  • Total open-market sales of $983K represent ~0.001% of WMB's $97.1B market cap
  • No CEO or CFO trading; no 10b5-1 plan indicated; no clustered buy activity

Financial Impact

Total insider sales of $983K, negligible relative to $97.1B market cap

dilution

Risk Factors

  • Insider sales are a weak signal for large-cap companies; this cluster is too small to indicate any fundamental concern

Market Snapshot

Exchange
NYSE
Sector
Natural Gas Transmission
Analyst Consensus
80% bullish (30 analysts)

Investment Themes

Traditional Energy

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-WMB-1779300671420
13 reports for WMB
Performance horizon
75% Hit rate 3 of 4 directional calls best @ T+1▲ +2.04%Jul 13, 2026
Filters
Rows
Reports for WMB — sortable, filterable
TypeNow
Sep 10, 2026
22d ago
8-K
NEUTRAL ★ 4/10
$72.82 $71.81▼ −1.39%▼ −0.89%$69.93 (−3.97%)
Jul 13, 2026
11w ago
8-K
BULLISH ★ 7/10
$74.46 $73.38▼ −1.45%▼ −0.67%$69.93 (−6.08%)
Jun 13, 2026
15w ago
Institutional Cluster
BEARISH ★ 6/10
$71.49 $74.95▼ −4.84%▼ −6.22%$69.93 (+2.18%)
May 18, 2026
19w ago
Insider Cluster
NEUTRAL ★ 2/10
$77.69 $76.34▼ −1.74%▼ −3.36%$69.93 (−9.99%)
May 4, 2026
21w ago
8-K
BULLISH ★ 7/10
$76.12 $74.18▼ −2.55%▼ −4.53%$69.93 (−8.13%)
May 4, 2026
21w ago
8-K
NEUTRAL ★ 3/10
$75.41 $74.18▼ −1.63%▼ −4.57%$69.93 (−7.27%)
May 1, 2026
22w ago
Insider Cluster
NEUTRAL ★ 2/10
$75.54 $72.95▼ −3.43%▼ −5.78%$69.93 (−7.43%)
Mar 26, 2026
27w ago
DEFA14A
NEUTRAL ★ 3/10
$73.58 $72.59▼ −1.35%▼ −5.21%$69.93 (−4.96%)
Mar 18, 2026
28w ago
DEFA14A
NEUTRAL ★ 3/10
$72.80 $73.81▲ +1.39%▲ +2.10%$69.93 (−3.94%)
Mar 11, 2026
29w ago
Insider Cluster
NEUTRAL ★ 3/10
$73.87 $72.80▼ −1.45%▲ +0.74%$69.93 (−5.33%)
Showing 10 of 13

US Market Status

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Report published May 20, 2026