Andrew T. Huggins - Mar 11, 2023 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role
SVP and Division Head
Signature
/s/ Sara Tate, attorney-in-fact for Mr. Huggins
Stock symbol
SWN
Transactions as of
Mar 11, 2023
Transactions value $
-$21,993
Form type
4
Date filed
3/14/2023, 04:11 PM
Previous filing
Feb 24, 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 +11.3K +8.21% $0.00 149K Mar 11, 2023 Direct F1
transaction SWN Common Stock Tax liability -$22K -4.45K -2.99% $4.94 145K Mar 11, 2023 Direct F2
holding SWN Common Stock 12.2K Mar 11, 2023 by 401(k) Plan

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 -11.3K -50% $0.00 11.3K Mar 11, 2023 Common Stock 11.3K Direct F3, F4
* 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 March 11, 2023 were settled in stock based on the closing price of SWN common stock on March 10, 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 March 11, 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.