RANDALL R. LAY - 31 Mar 2022 Form 4 Insider Report for Williams Industrial Services Group Inc. (WLMS)

Role: EVP, Chief Operating Officer
Signature: /s/ Charles E. Wheelock for Randall R. Lay by Power of Attorney
Issuer symbol: WLMS
Transactions as of: 31 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2022, 16:50:37 UTC
Previous filing: 25 Mar 2022
Next filing: 08 Apr 2022
SEC: View on sec.gov

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		+21,901	+16%		156,501	31 Mar 2022	Direct	F1

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	-21,901	-50%	$0.000000	21,902	31 Mar 2022	Common Stock	21,901		Direct	F1
transaction	WLMS	Restricted Stock Units	Award	$0	+56,000		$0.000000	56,000	31 Mar 2022	Common Stock	56,000		Direct	F2
holding	WLMS	Restricted Stock Units						36,343	31 Mar 2022	Common Stock	36,343		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 65,704 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, 2022 in shares of the issuer's common stock.
F2	On March 31, 2022, the reporting person was granted 56,000 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).
F3	On March 31, 2021, the reporting person was granted 36,343 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).