Viets Joshua J. 4

What Happened
Joshua J. Viets, EVP & COO of Expand Energy (EXE), had several equity awards vest and/or convert on March 15, 2026. In total he became entitled to 50,787 shares from vested restricted stock units and performance share units (10,815 RSUs + 13,626 PSUs (absolute) + 1,110 PSUs (relative) + two grants of 12,618 shares). To satisfy tax withholding obligations, 10,190 shares were forfeited/withheld to the issuer (3,728 shares and 6,462 shares), valued at approximately $1,090,534 using the 30‑day VWAP of $107.02. Several performance share units were converted/terminated as part of this process.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
• Awards/Conversions: gross entitlement of 50,787 shares (breakdown above).
• Tax withholding/forfeiture: 3,728 shares ($398,971) and 6,462 shares ($691,563), total forfeited = 10,190 shares (~$1,090,534). VWAP used: $107.02 (30 trading days ending Mar 13, 2026).
• Shares owned after the transactions: not specified in this Form 4.
• Footnotes: RSUs = 1 share per unit (F1); PSUs convert to 0–2 shares depending on performance (F2–F3, F7–F8); forfeitures were to satisfy tax withholding on vesting (F4, F6).

Context/Takeaway
This was a routine vesting/conversion of equity compensation and a tax-withholding withholding (shares surrendered to the company), not an open-market sale. The filing shows conversion of performance share units into common stock and withholding of a portion of shares to meet tax liabilities — a common method executives use to satisfy taxes when awards vest. No purchase or open-market sale by the insider was reported.