BENJAMIN RUSS - 15 Mar 2023 Form 4 Insider Report for CHESAPEAKE ENERGY CORP (EXE)

Role: EVP-General Counsel
Signature: J. David Hershberger For: BENJAMIN RUSS
Issuer symbol: EXE
Transactions as of: 15 Mar 2023
Net transactions value: -$23,576
Form type: 4
Filing time: 16 Mar 2023, 18:30:58 UTC
Previous filing: 21 Jun 2022
Next filing: 10 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHK	Common Stock	Tax liability	$23,576	-329	-4%	$71.66	7,931	15 Mar 2023	Direct	F1
transaction	CHK	Common Stock	Award	$0	+3,602	+45%	$0.000000	11,533	15 Mar 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CHK	Performance Share Unit	Award	$0	+10,805		$0.000000	10,805	15 Mar 2023	Common Stock	10,805		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock award.
F2	Each performance share unit represents a contingent right to receive from zero to two shares of Chesapeake common stock, depending on the achievement of volume weighted average stock prices over a three-year performance period.