4//SEC Filing
O'Beirne Colin P 4
Accession 0001127602-24-007198
CIK 0000007332other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 4:28 PM ET
Size
15.3 KB
Accession
0001127602-24-007198
Insider Transaction Report
Form 4
O'Beirne Colin P
Vice President and Controller
Transactions
- Tax Payment
Common Stock
2024-02-23$6.91/sh−4,183$28,905→ 153,290 total - Exercise/Conversion
Common Stock
2024-02-23+17,177→ 157,473 total - Exercise/Conversion
Common Stock
2024-02-26+18,686→ 171,976 total - Exercise/Conversion
Restricted Stock Unit
2024-02-23−17,177→ 0 total→ Common Stock (17,177 underlying) - Tax Payment
Common Stock
2024-02-26$6.94/sh−4,551$31,584→ 167,425 total - Exercise/Conversion
Restricted Stock Unit
2024-02-26−18,686→ 0 total→ Common Stock (18,686 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, 45,203 RSUs have been forfeited.
Documents
Issuer
SOUTHWESTERN ENERGY CO
CIK 0000007332
Entity typeother
Related Parties
1- filerCIK 0001698965
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 4:28 PM ET
- Size
- 15.3 KB