Domenic J. Dell'osso Jr - May 28, 2024 Form 4 Insider Report for CHESAPEAKE ENERGY CORP (CHK)

Role
President and CEO, Director
Signature
J. David Hershberger For: DOMENIC J. DELL'OSSO, JR.
Stock symbol
CHK
Transactions as of
May 28, 2024
Transactions value $
-$3,415,093
Form type
4
Date filed
5/30/2024, 04:15 PM
Previous filing
May 17, 2024
Next filing
Oct 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHK Common Stock Options Exercise +80.6K +140.18% 138K May 28, 2024 Direct F1
transaction CHK Common Stock Tax liability -$3.22M -35.6K -25.74% $90.49 103K May 28, 2024 Direct F2
transaction CHK Common Stock Tax liability -$198K -2.19K -2.13% $90.49 100K May 28, 2024 Direct F3

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 Options Exercise $0 -44.6K -100% $0.00* 0 May 28, 2024 Common Stock $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit represented a contingent right to receive a range of zero to two shares of common stock, depending on the achievement of volume weighted average stock prices over the applicable performance period. Effective 5/28/2024, the Reporting Person was entitled to receive 80,621 shares of common stock (before tax withholding obligations).
F2 These shares were forfeited to the Issuer to satisfy tax withholding obligations in connection with the vesting of the performance share unit award.
F3 These shares were forfeited to the Issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously reported restricted stock award.