Kurtz Richard Jason 4
4 · SOUTHWESTERN ENERGY CO · Filed Feb 24, 2022
Insider Transaction Report
Form 4
Kurtz Richard Jason
Vice President
Transactions
- Exercise/Conversion
Common Stock
2022-02-23+15,270→ 110,017 total - Disposition to Issuer
Common Stock
2022-02-23$4.61/sh−15,270$70,395→ 94,747 total - Exercise/Conversion
Restricted Stock Unit
2022-02-23−15,270→ 30,540 total→ Common Stock (15,270 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on February 23, 2022 were settled in cash based on the closing price of SWN common stock on the vesting date.
- [F2]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.
- [F3]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.