Christopher W. Lacy - Feb 21, 2023 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role
VP-General Counsel & Secretary
Signature
/s/ Sara Tate, attorney-in-fact for Mr. Lacy
Stock symbol
SWN
Transactions as of
Feb 21, 2023
Transactions value $
-$14,106
Form type
4
Date filed
2/28/2023, 03:09 PM
Previous filing
Feb 24, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWN Common Stock Options Exercise $0 +10.4K +20.73% $0.00 60.7K Feb 26, 2023 Direct F1
transaction SWN Common Stock Tax liability -$14.1K -2.54K -4.18% $5.56 58.1K Feb 26, 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 Award $0 +116K $0.00 116K Feb 21, 2023 Common Stock 116K Direct F3, F4
transaction SWN Restricted Stock Unit Options Exercise $0 -10.4K -100% $0.00* 0 Feb 26, 2023 Common Stock 10.4K 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 26, 2023 were settled in stock based on the closing price of SWN common stock on February 24, 2023.
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 21, 2023, 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 26, 2019, the reporting person was granted restricted stock units, vesting in four equal installments beginning on the first anniversary of the grant date, or immediately upon death, disability, retirement at age 65 with the required years of service, or a change in control. Vesting RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.