The Williams Companies (WMB) Proxy Filing summary

Voting matters and shareholder proposals

• Election of 11 director nominees for a one-year term is proposed, with board recommendation to vote in favor.

• Advisory approval of named executive officer compensation is recommended by the board.

• Amendment and restatement of the 2007 Incentive Plan to increase issuable shares, remove expiration, and update other provisions is up for approval.

• Amendment and restatement of the 2007 Employee Stock Purchase Plan to increase issuable shares and extend the term by six years is proposed.

• Ratification of Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2026 is recommended.

Board of directors and corporate governance

• Eleven director nominees are listed for election to serve a one-year term.

Executive compensation and say-on-pay

• Advisory vote on executive compensation is included among the proposals.

• Proposed amendments to the incentive plan include increasing share limits and removing certain provisions.