O'Beirne Colin P 4
4 · SOUTHWESTERN ENERGY CO · Filed Feb 28, 2023
Insider Transaction Report
Form 4
O'Beirne Colin P
Vice President and Controller
Transactions
- Exercise/Conversion
Common Stock
2023-02-26+13,395→ 111,910 total - Tax Payment
Common Stock
2023-02-26$5.56/sh−3,262$18,137→ 108,648 total - Exercise/Conversion
Common Stock
2023-02-26+19,469→ 128,117 total - Tax Payment
Common Stock
2023-02-26$5.56/sh−7,662$42,601→ 120,455 total - Award
Restricted Stock Unit
2023-02-21+33,380→ 33,380 total→ Common Stock (33,380 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-26−13,395→ 0 total→ Common Stock (13,395 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-26−19,469→ 63,875 total→ Common Stock (19,469 underlying)
Footnotes (6)
- [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 26, 2023 were settled in stock based on the closing price of SWN common stock on February 24, 2023.
- [F2]Represents net share settlement of common stock award to satisfy withholding taxes.
- [F3]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.
- [F4]On February 21, 2023, 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. If paid in stock, in no event will the number of shares of common stock delivered to the Participant exceed the number of restricted stock units granted to the participant.