4//SEC Filing
Way William J 4
Accession 0001127602-24-007182
CIK 0000007332other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 4:21 PM ET
Size
15.3 KB
Accession
0001127602-24-007182
Insider Transaction Report
Form 4
Way William J
Executive VP and COO
Transactions
- Exercise/Conversion
Common Stock
2024-02-23+206,110→ 3,583,846 total - Tax Payment
Common Stock
2024-02-23$6.91/sh−81,105$560,436→ 3,502,741 total - Exercise/Conversion
Common Stock
2024-02-26+280,264→ 3,783,005 total - Tax Payment
Common Stock
2024-02-26$6.94/sh−110,284$765,371→ 3,672,721 total - Exercise/Conversion
Restricted Stock Unit
2024-02-23−206,110→ 0 total→ Common Stock (206,110 underlying) - Exercise/Conversion
Restricted Stock Unit
2024-02-26−280,264→ 0 total→ Common Stock (280,264 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 23, 2024 and February 26, 2024 were settled in SWN common stock based on the closing price of SWN common stock on the vesting date.
- [F2]Represents net share settlement of common stock award to satisfy withholding taxes.
- [F3]Each RSU 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 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, 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.
- [F6]Pursuant to the terms and conditions of the award agreement, 678,035 RSUs have been forfeited.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeother
Related Parties
1- filerCIK 0001531511
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 4:21 PM ET
- Size
- 15.3 KB