Lacy Christopher W 4

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.