4//SEC Filing
Kurtz Richard Jason 4
Accession 0001127602-21-008929
CIK 0000007332other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:35 PM ET
Size
26.1 KB
Accession
0001127602-21-008929
Insider Transaction Report
Form 4
Kurtz Richard Jason
Vice President
Transactions
- Exercise/Conversion
Common Stock
2021-02-26+18,610→ 71,037 total - Tax Payment
Common Stock
2021-02-26$4.05/sh−4,533$18,359→ 66,504 total - Tax Payment
Common Stock
2021-02-26$4.05/sh−2,899$11,741→ 52,427 total - Exercise/Conversion
Common Stock
2021-02-27+10,667→ 77,171 total - Tax Payment
Common Stock
2021-02-27$4.05/sh−6,495$26,305→ 94,747 total - Exercise/Conversion
Restricted Stock Unit
2021-02-27−10,667→ 10,668 totalExercise: $0.00→ Common Stock (10,667 underlying) - Exercise/Conversion
Common Stock
2021-02-26+11,905→ 55,326 total - Tax Payment
Common Stock
2021-02-27$4.05/sh−2,598$10,522→ 74,573 total - Award
Common Stock
2021-02-27+26,669→ 101,242 total - Award
Restricted Stock Unit
2021-02-23+45,810→ 45,810 totalExercise: $0.00→ Common Stock (45,810 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-02-26−11,905→ 23,810 total→ Common Stock (11,905 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-02-26−18,610→ 91,820 total→ Common Stock (18,610 underlying)
Footnotes (8)
- [F1]Represents net share settlement of common stock award to satisfy withholding taxes.
- [F2]Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on February 26, 2021 and February 27, 2021 were settled in common stock based on the closing price of SWN common stock on the vesting date.
- [F3]Distribution to reporting person of Issuer's common stock pursuant to Performance Unit Award Agreement dated February 27, 2018.
- [F4]On February 23, 2021, the reporting person was granted restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Vesting units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
- [F5]On February 26, 2019, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with the required years of service, or a change in control. Vesting RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
- [F6]On February 26, 2020, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Each restricted stock unit that vests will entitle the holder to receive, payable in common stock or cash at the Compensation Committee's option, a value based on an adjusted stock price, calculated as the sum of (1) the closing stock price on the date of grant and (2) 50 percent of the difference between (a) the closing stock price on the date of vesting and (b) the closing stock price on the date of grant. The reporting person received 378,903 shares of common stock in settlement of the restricted stock units granted on February 26, 2020. In accordance with the terms of the award agreement, the number of shares of common stock are less than the number of restricted stock units granted.
- [F7]Each restricted stock unit represents a contingent right to receive one share of SWN common stock or an amount in cash equal to the Fair Market Value of one share of SWN common stock.
- [F8]On February 27, 2018, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Vesting units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeother
Related Parties
1- filerCIK 0001732476
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:35 PM ET
- Size
- 26.1 KB