Rice Toby Z. 4

What Happened

• Toby Z. Rice, President & CEO of EQT Corporation, received 291,125 shares on March 9, 2026 when performance awards vested under the 2023 Incentive Performance Share Unit Program. The filing shows 126,611 shares were withheld to satisfy the tax liability, valued at $62.23 per share for a withholding amount of $7,879,003. There was no open-market sale of shares tied to the withholding.

Key Details

• Transaction date: 2026-03-09 (filed 2026-03-11)
• Award: 291,125 shares (acquired at $0.00 per share — vested performance award)
• Withholding: 126,611 shares withheld at $62.23 (tax withholding value $7,879,003)
• Implied value of the full award (based on $62.23): ~ $18.1M
• Shares owned after transaction: Not disclosed in this filing
• Footnotes: awards vested and were paid in common stock; includes accrued dividends; company withheld shares to satisfy tax liability and did not sell shares in the market

Context

• This was a payout of vested performance shares rather than a purchase or a voluntary sale. The withholding of shares to cover taxes is a routine administrative action (not a market sale) and is coded F for tax withholding. Such awards reflect compensation vesting and are not, by themselves, a direct signal of insider buying or selling intent.