Lacy Christopher W 4

4 · EXPAND ENERGY Corp · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

Expand Energy EVP Christopher W. Lacy Receives Awards, Sells 820 Shares

What Happened

Christopher W. Lacy, EVP and General Counsel of Expand Energy (EXE), received several equity awards on 2026-03-15: 5,693 restricted stock units (RSUs) and two grants of 6,641 performance share units (PSUs) each. These awards were granted at $0.00 per share (i.e., no cash purchase).
On the same date, 820 shares were forfeited/disposed to the issuer to satisfy tax withholding obligations related to the partial vesting of a prior RSU award; the withheld shares had a weighted-average price (VWAP) of $107.02, producing $87,756 in tax withholding proceeds.

Key Details

Transaction date: 2026-03-15; Form 4 filed: 2026-03-16 (timely filing).
Grants: 5,693 RSUs (granted at $0.00); two derivative grants of 6,641 PSUs each (granted at $0.00).
Disposal for tax withholding: 820 shares forfeited at $107.02 VWAP, totaling $87,756 (footnote F3 explains VWAP; F2 confirms forfeiture was for tax withholding).
Footnotes summary:
- F1: RSUs represent a contingent right to one share upon vesting.
- F4/F5: Each PSU can convert to 0–2 shares depending on achievement of absolute (F4) or relative (F5) total shareholder return performance goals.
Shares owned after the transactions: not disclosed on the Form 4.

Context

The awards are grants (not open‑market purchases) and are common compensation tools; they do not necessarily indicate immediate buying or selling intent by the insider.
The 820‑share disposal was a tax‑withholding action tied to vesting (a routine administrative step), not an open‑market sale. The PSUs are performance‑based and may vest into 0–2 shares per unit depending on Expand’s TSR results.

Form 4

Period: 2026-03-15

EVP - GENERAL COUNSEL

Transactions

Award
Common Stock
[F1]
2026-03-15+5,693→ 59,851 total
Tax Payment
Common Stock
[F2][F3]
2026-03-15$107.02/sh−820$87,756→ 59,031 total
Award
Performance Share Unit
[F4]
2026-03-15+6,641→ 6,641 total
Exp: 2029-03-15→ Common Stock (6,641 underlying)
Award
Performance Share Unit
[F5]
2026-03-15+6,641→ 6,641 total
Exp: 2029-03-15→ Common Stock (6,641 underlying)

Footnotes (5)

[F1]Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
[F2]These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock unit award.
[F3]Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.
[F4]Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period.
[F5]Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.

Signature

Michael D. May For: CHRISTOPHER W. LACY|2026-03-16

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