William J. Way - Feb 22, 2023 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role
President and CEO, Director
Signature
/s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Way
Stock symbol
SWN
Transactions as of
Feb 22, 2023
Transactions value $
-$664,041
Form type
4
Date filed
2/24/2023, 03:36 PM
Previous filing
Feb 28, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWN Common Stock Options Exercise $0 +219K +8.69% $0.00 2.73M Feb 22, 2023 Direct F1
transaction SWN Common Stock Tax liability -$247K -49K -1.79% $5.04 2.68M Feb 22, 2023 Direct F2
transaction SWN Common Stock Options Exercise $0 +206K +7.68% $0.00 2.89M Feb 23, 2023 Direct F1
transaction SWN Common Stock Tax liability -$417K -81.1K -2.81% $5.14 2.81M Feb 23, 2023 Direct F2

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 -219K -33.33% $0.00 437K Feb 22, 2023 Common Stock 219K Direct F3, F4
transaction SWN Restricted Stock Unit Options Exercise $0 -206K -50% $0.00 206K Feb 23, 2023 Common Stock 206K Direct F3, F5
* 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 22, 2023 and February 23, 2023 were settled in stock based on the closing price of SWN common stock on the vest day.
F2 Represents net share settlement of common stock award to satisfy withholding taxes.
F3 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.
F4 On February 22, 2022, 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.
F5 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.