Title: Expand Energy Corp: appoints Daniel E. Brown as CEO

Short_description: Expand Energy Corp filed an 8-K reporting that it appointed Daniel E. Brown as president and chief executive officer, effective Oct 26, 2026.

Summary:

What happened

• The board of directors of Expand Energy Corporation announced the appointment of Daniel E. Brown as the company’s president and chief executive officer, effective Oct 26, 2026. The board also elected Mr. Brown to serve as a member of the board until the next annual meeting of stockholders.
• Upon Mr. Brown’s commencement, Michael Wichterich will cease to serve as interim president and chief executive officer and will continue to serve as chairman of the board. The company issued a press release on Oct 19, 2026 reporting the appointment.

Key details

• Mr. Brown, age 51, most recently served as president and chief executive officer of Chord Energy Corporation from Jul 2024 until Oct 2026 and as chief executive officer of Oasis Petroleum, Inc. from Apr 2021 until Jul 2024.
• Annual base salary of $1,000,000 and an annual cash performance bonus target of 125% of base salary, with the Annual Target Bonus paid at target achievement for 2026.
• Annual long-term incentive award with an aggregate target value of $8,750,000 delivered 30% in restricted stock units and 70% in performance share units, prorated for 2026.
• Make-whole equity award to compensate for forfeited compensation at his prior employer: Make Whole RSUs target value $4,726,662 and Make Whole PSUs target value $10,925,584. Make Whole RSUs vest in equal one-third installments on Dec 31, 2027, Dec 31, 2028 and Dec 31, 2029. Make Whole PSUs vest based on total shareholder return metrics over overlapping performance periods ending Dec 31, 2028, Dec 31, 2029 and Dec 31, 2030, with possible accelerated vesting on a Qualifying Termination.
• Mr. Brown will be a Tier 1 participant in the company’s Executive Severance Plan filed Feb 26, 2025, and his incentive compensation will be subject to the company’s clawback policies and a standard indemnity agreement previously filed.

Why it may matter

• Item 5.02 of the Form 8-K reports the departure of the interim president and chief executive officer and the election of a new president and chief executive officer and board member; Item 7.01 furnished a related press release.
• The filing does not show why the insider traded or why the company acted.