4//SEC Filing
Lacy Christopher W 4
Accession 0001104659-24-105141
CIK 0000007332other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 9:56 PM ET
Size
20.1 KB
Accession
0001104659-24-105141
Insider Transaction Report
Form 4
Lacy Christopher W
VP-General Counsel & Secretary
Transactions
- Tax Payment
Common Stock
2024-10-01$7.11/sh−25,677$182,563→ 147,129 total - Disposition to Issuer
Common Stock
2024-10-01−147,129→ 0 total - Exercise/Conversion
Performance Stock Units [2022]
2024-10-01−39,150→ 0 total→ Common Stock (39,150 underlying) - Exercise/Conversion
Restricted Stock Units [2022]
2024-10-01−26,100→ 0 total→ Common Stock (26,100 underlying) - Disposition to Issuer
Performance Stock Units [2023]
2024-10-01−94,456→ 0 total→ Common Stock (94,456 underlying) - Exercise/Conversion
Common Stock
2024-10-01+65,250→ 172,806 total - Disposition to Issuer
Restricted Stock Units [2023& 2024]
2024-10-01−318,314→ 0 total→ Common Stock (318,314 underlying) - Gift
Common Stock
2024-10-01$7.11/sh−14,064$99,995→ 107,556 total
Footnotes (7)
- [F1]This transaction involved the reporting person's gift of 14,064 shares of common stock.
- [F2]Represents net share settlement of common stock award to satisfy withholding taxes.
- [F3]In connection with acquisition of Southwestern Energy Company (the "Issuer") by Expand Energy Corporation (formerly known as, Chesapeake Energy Corporation) ("Expand") on October 1, 2024 (the "Closing") the reported shares of Issuer common stock were converted into the right to receive 0.0867 (the "Exchange Ratio") of a share of Expand common stock, with cash in lieu of fractional shares. The closing price per share of Issuer common stock on the Nasdaq Global Select Market on September 30, 2024, the day prior to the Closing was $7.11.
- [F4]Each restricted stock unit ("Issuer RSU") or performance stock unit ("Issuer PSUs") represents a contingent right to receive a share of Issuer common stock upon vesting.
- [F5]The reported securities represent shares of Expand common stock received in connection with Closing upon accelerated vesting of the Issuer RSUs, Issuer PSUs.
- [F6]Upon Closing, the reported Issuer RSUs converted into restricted stock units that represent a contingent right to receive Expand common stock ("Expand RSUs") in an amount equal to the Exchange Ratio multiplied by the total number of shares of Issuer common stock subject to such Issuer RSU award, together with accrued dividend equivalent payments. Such Expand RSUs were granted subject to vesting conditions and settlement terms as applied under the applicable award agreements with respect to the corresponding Issuer RSUs.
- [F7]Upon Closing, the reported Issuer PSUs converted into Expand RSUs in an amount equal to the Exchange Ratio multiplied by the total number of shares of Issuer common stock subject to such Issuer PSU award, together with accrued dividend equivalent payments. Such Expand RSUs were granted subject to vesting conditions and settlement terms as applied under the applicable award agreements with respect to the corresponding Issuer PSUs.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeother
Related Parties
1- filerCIK 0001815099
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 9:56 PM ET
- Size
- 20.1 KB