On March 23, 2026, Alan S. Armstrong, the Executive Board Chair of Williams Companies, Inc., announced his resignation from the company's Board of Directors. This decision was made to accept an appointment by Oklahoma Governor Kevin Stitt to serve as a United States Senator representing Oklahoma. Armstrong's resignation is effective immediately, and he was sworn in as a Senator on March 24, 2026. His departure marks a significant change in the leadership structure of Williams Companies, as he was a key figure in the company's governance and strategic direction. Following Armstrong's exit, the Board elected Stephen W. Bergstrom, the Independent Lead Director and former Chairman, to resume the role of Chairman. This transition will reduce the Board's size from 12 to 11 directors. In connection with his new role as a Senator, the Board's Compensation and Management Development Committee approved modifications to Armstrong's performance-based equity awards from 2024 and 2025. These modifications ensure that he will not face financial penalties for his public service, allowing him to retain vesting credit for the months leading up to his resignation. The estimated value of these modifications is approximately $2.8 million, based on a stock price of $73.60 per share at market close on March 23, 2026. This leadership change may have implications for the company's strategic direction and governance, as the Board adapts to the new composition and leadership dynamics.

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