Thomas F. Karam - Jul 22, 2024 Form 4 Insider Report for EQT Corp (EQT)

Role: Director
Signature: /s/ Patrick J. OMalley, Attorney-in-Fact
Stock symbol: EQT
Transactions as of: Jul 22, 2024
Transactions value $: -$13,781,723
Form type: 4
Date filed: 7/24/2024, 04:20 PM
Previous filing: Jul 1, 2024
Next filing: Aug 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQT	Common Stock	Award		+105K			105K	Jul 22, 2024	Direct	F1, F2, F3
transaction	EQT	Common Stock	Award		+225K	+214.28%		330K	Jul 22, 2024	Direct	F1, F4
transaction	EQT	Common Stock	Tax liability	-$4.07M	-113K	-34.38%	$35.88	217K	Jul 22, 2024	Direct
transaction	EQT	Common Stock	Award		+66.4K	+30.68%		283K	Jul 22, 2024	Direct	F1, F5
transaction	EQT	Common Stock	Tax liability	-$1.2M	-33.5K	-11.84%	$35.88	250K	Jul 22, 2024	Direct
transaction	EQT	Common Stock	Award		+470K	+188.46%		720K	Jul 22, 2024	Direct	F1, F6
transaction	EQT	Common Stock	Tax liability	-$8.51M	-237K	-32.94%	$35.88	483K	Jul 22, 2024	Direct
transaction	EQT	Common Stock	Award		+8.76K			8.76K	Jul 22, 2024	By Lakeside Drive Associates, Inc.	F1, F2, F7
transaction	EQT	Common Stock	Award		+7.01K			7.01K	Jul 22, 2024	By Mae Rose Partners, LP	F1, F2, F8

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	EQT	Deferred Compensation-Phantom Units	Award		+1.71K	+42.49%		5.75K	Jul 22, 2024	Common Stock	1.71K		Direct	F1, F9, F10, F11, F12
transaction	EQT	Restricted Stock Units	Award	$0	+4.21K		$0.00	4.21K	Jul 22, 2024	Common Stock	4.21K		Direct	F13, F14

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

Explanation of Responses:

Id	Content
F1	On July 22, 2024 (the "Closing Date"), EQT Corporation ("EQT") completed its acquisition (the "Merger") of Equitrans Midstream Corporation ("Equitrans") pursuant to the Agreement and Plan of Merger, dated as of March 10, 2024 (the "Merger Agreement"), by and among EQT, certain of EQT's subsidiaries and Equitrans.
F2	Pursuant to the Merger Agreement, each issued and outstanding share of Equitrans common stock, excluding any Excluded Shares (as defined in the Merger Agreement), was converted into the right to receive 0.3504 shares of EQT common stock, with cash in lieu of fractional shares. On the Closing Date, the closing price of Equitrans common stock was $12.42 per share and the closing price of EQT common stock was $35.67 per share.
F3	Received in exchange for 299,736 shares of Equitrans common stock in connection with the Merger.
F4	Received in exchange for 642,280 shares of Equitrans restricted stock subject to time-based vesting conditions in connection with the Merger.
F5	Received in exchange for 189,630 Equitrans performance share units that are Company MVP PSU Awards (as defined in the Merger Agreement) in connection with the Merger.
F6	Received in exchange for 1,342,176 Equitrans performance share units that are not Company MVP PSU Awards in connection with the Merger.
F7	Received in exchange for 25,000 shares of Equitrans common stock in connection with the Merger.
F8	Received in exchange for 20,000 shares of Equitrans common stock in connection with the Merger.
F9	Each phantom unit is the economic equivalent of one share of EQT common stock.
F10	Award represents compensation that is deferred until retirement.
F11	Received in exchange for 4,888 Equitrans phantom units in connection with the Merger.
F12	Includes accrued dividends.
F13	Each restricted stock unit represents a right to receive one share of EQT common stock.
F14	All of the restricted stock units granted to the reporting person on July 22, 2024 will vest on the date of EQT's 2025 Annual Meeting of Shareholders, subject to the conditions set forth in the award. Shares of EQT common stock will be delivered to the reporting person either upon vesting or, if the reporting person elected to defer receipt, following cessation of service as a director.