Richard Jason Kurtz - Feb 23, 2022 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role
Vice President
Signature
/s/ Sara Tate, attorney-in-fact for Mr. Kurtz
Stock symbol
SWN
Transactions as of
Feb 23, 2022
Transactions value $
-$70,395
Form type
4
Date filed
2/24/2022, 03:12 PM
Previous filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWN Common Stock Options Exercise $0 +15.3K +16.12% $0.00 110K Feb 23, 2022 Direct F1
transaction SWN Common Stock Disposed to Issuer -$70.4K -15.3K -13.88% $4.61 94.7K Feb 23, 2022 Direct F1

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 SWN Restricted Stock Unit Options Exercise $0 -15.3K -33.33% $0.00 30.5K Feb 23, 2022 Common Stock 15.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on February 23, 2022 were settled in cash based on the closing price of SWN common stock on the vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of SWN common stock or an amount in cash equal to the Fair Market Value of one share of SWN common stock.
F3 On February 23, 2021, the reporting person was granted restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with required years of service, or a change in control. Vesting units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.