Derek W. Cutright - Feb 21, 2024 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role
SVP and Division Head
Signature
/s/ Melissa D. McCarty, attorney-in-fact for Mr. Cutright
Stock symbol
SWN
Transactions as of
Feb 21, 2024
Transactions value $
-$62,294
Form type
4
Date filed
2/23/2024, 04:11 PM
Previous filing
Feb 24, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWN Common Stock Options Exercise $0 +16.5K +9.35% $0.00 193K Feb 21, 2024 Direct F1
transaction SWN Common Stock Tax liability -$28.5K -4.02K -2.08% $7.10 189K Feb 21, 2024 Direct F2
transaction SWN Common Stock Options Exercise $0 +19.8K +10.46% $0.00 209K Feb 22, 2024 Direct F1
transaction SWN Common Stock Tax liability -$33.8K -4.81K -2.31% $7.02 204K Feb 22, 2024 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 Units Award $0 +93.2K $0.00 93.2K Feb 21, 2024 Common Stock 93.2K Direct F3, F4
transaction SWN Restricted Stock Unit Options Exercise $0 -16.5K -33.33% $0.00 33K Feb 21, 2024 Common Stock 16.5K Direct F1, F3, F5
transaction SWN Restricted Stock Unit Options Exercise $0 -19.8K -50% $0.00 19.8K Feb 22, 2024 Common Stock 19.8K Direct F1, F3, F6
* 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 21, 2024 and February 22, 2024 were settled in common stock based on the closing price of SWN common stock on the vesting date.
F2 Represents net share settlement of common stock award to satisfy withholding taxes.
F3 Each RSU 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, 2024 the reporting person was granted Restricted Stock Units (RSUs), vesting in three 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 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 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.
F6 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.