BENJAMIN RUSS - 16 Jun 2024 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: 16 Jun 2024
Net transactions value: -$968,042
Form type: 4
Filing time: 18 Jun 2024, 16:06:39 UTC
Previous filing: 09 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHK	Common Stock	Options Exercise		+26,203	+190%		39,987	16 Jun 2024	Direct	F1
transaction	CHK	Common Stock	Tax liability	$949,822	-11,156	-28%	$85.14	28,831	16 Jun 2024	Direct	F2
transaction	CHK	Common Stock	Tax liability	$18,220	-214	-0.74%	$85.14	28,617	16 Jun 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	-14,490	-100%	$0.000000^*	0	16 Jun 2024	Common Stock		$0.000000	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 represents a contingent right to receive from zero to two shares of Chesapeake common stock, depending on the achievement of volume weighted average prices over the applicable performance period. Effective 6/16/24, the Reporting Person was entitled to receive 26,203 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 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 disclosed restricted stock award.