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

Role: President and CEO, Director
Signature: /s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Way
Issuer symbol: N/A
Transactions as of: 22 Feb 2023
Net transactions value: -$664,041
Form type: 4
Filing time: 24 Feb 2023, 15:36:00 UTC
Previous filing: 28 Feb 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWN	Common Stock	Options Exercise	$0	+218,586	+8.7%	$0.000000	2,733,956	22 Feb 2023	Direct	F1
transaction	SWN	Common Stock	Tax liability	$247,162	-49,040	-1.8%	$5.04	2,684,916	22 Feb 2023	Direct	F2
transaction	SWN	Common Stock	Options Exercise	$0	+206,110	+7.7%	$0.000000	2,891,026	23 Feb 2023	Direct	F1
transaction	SWN	Common Stock	Tax liability	$416,880	-81,105	-2.8%	$5.14	2,809,921	23 Feb 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	-218,586	-33%	$0.000000	437,174	22 Feb 2023	Common Stock	218,586		Direct	F3, F4
transaction	SWN	Restricted Stock Unit	Options Exercise	$0	-206,110	-50%	$0.000000	206,110	23 Feb 2023	Common Stock	206,110		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.