Teunissen Marcel 4

What Happened
Marcel Teunissen, EVP & CFO of Expand Energy (EXE), was granted a total of 17,146 contingent equity units on 2026-04-06. The awards consist of 5,144 restricted stock units (RSUs) and two separate performance share unit (PSU) grants of 6,001 units each. All grants were reported at $0.00 per share (standard for equity awards at grant). These are awards — not open‑market purchases or sales — and vest or convert to common shares only if applicable conditions are met.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-06 (timely filing).
• Grants: 5,144 RSUs (F1); 6,001 PSUs tied to absolute total shareholder return (F2); 6,001 PSUs tied to relative total shareholder return (F3).
• Reported price/value at grant: $0.00 per unit (typical for equity awards).
• Potential share payout: RSUs = 1 share per unit; each PSU can convert to 0–2 shares depending on performance. Maximum possible shares if PSUs fully vest at 2x = 29,148 shares (5,144 + 12,002 + 12,002). Minimum payout could be 5,144 shares if PSUs vest at 0x.
• Shares owned after transaction: not specified in the provided excerpt.
• No 10b5-1 plan, tax‑withholding, or late‑filing flags were indicated in the provided details.

Context

• RSUs give a right to receive one share when vesting conditions are met. PSUs are performance‑conditioned and may pay out a range (0–2 shares per unit here) based on total shareholder return metrics (absolute and relative).
• These awards are typical compensation grants to executives and do not represent a market purchase or sale that signals immediate buying or selling activity.