Damien Vassall - Mar 31, 2023 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role
VP, Chief Financial Officer
Signature
/s/ Charles E. Wheelock for Damien Vassall by Power of Attorney
Stock symbol
WLMS
Transactions as of
Mar 31, 2023
Transactions value $
-$5,048
Form type
4
Date filed
4/4/2023, 05:04 PM
Previous filing
Apr 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLMS Common Stock, $0.01 par value per share Options Exercise +5.19K +24.64% 26.2K Mar 31, 2023 Direct F1
transaction WLMS Common Stock, $0.01 par value per share Options Exercise +8.66K +33% 34.9K Mar 31, 2023 Direct F2
transaction WLMS Common Stock, $0.01 par value per share Tax liability -$5.05K -4.9K -14.04% $1.03 30K Mar 31, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WLMS Restricted Stock Units Options Exercise $0 -5.19K -100% $0.00* 0 Mar 31, 2023 Common Stock 5.19K Direct F1
transaction WLMS Restricted Stock Units Options Exercise $0 -8.66K -33.34% $0.00 17.3K Mar 31, 2023 Common Stock 8.66K Direct F2
holding WLMS Restricted Stock Units 7.47K Mar 31, 2023 Common Stock 7.47K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2020, the reporting person was granted time-based restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2021, 2022 and 2023, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2023 in shares of the issuer's common stock.
F2 On March 31, 2022, the reporting person was granted 25,972 time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2023, 2024 and 2025, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2023 in shares of the issuer's common stock.
F3 On March 31, 2021, the reporting person was granted time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in full on March 31, 2024, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer).
F4 Reflects withholding of shares by the issuer to offset the tax liability resulting from the vesting of time-based RSUs on March 31, 2023.