William J. Way - 23 Feb 2024 Form 4 Insider Report for SOUTHWESTERN ENERGY CO

Reporting relationship: President and CEO, Director
Issuer ticker: N/A
Reported as of: 23 Feb 2024
Net transaction value: -$1,325,807
SEC form: 4
Accepted by SEC: 27 Feb 2024, 16:21:54 UTC
Prior SEC filing: 23 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Way

Key filing fact

William J. Way filed Form 4 for SOUTHWESTERN ENERGY CO on 27 Feb 2024.

Key facts

This page summarizes William J. Way's Form 4 filing for SOUTHWESTERN ENERGY CO.
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Feb 2024, 16:21.

Change

Previous filing in this sequence was filed on 23 Feb 2024.
Current net transaction value: -$1,325,807.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SWN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +206,110
Change %: +6.1%
Price: $0.000000
Shares after: 3,583,846
Date: 23 Feb 2024
Ownership: Direct
Footnotes: F1

SWN transaction

Common Stock

Tax liability

Transaction value: $560,436
Shares: -81,105
Change %: -2.3%
Price: $6.91
Shares after: 3,502,741
Date: 23 Feb 2024
Ownership: Direct
Footnotes: F2

SWN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +280,264
Change %: +8%
Price: $0.000000
Shares after: 3,783,005
Date: 26 Feb 2024
Ownership: Direct
Footnotes: F1

SWN transaction

Common Stock

Tax liability

Transaction value: $765,371
Shares: -110,284
Change %: -2.9%
Price: $6.94
Shares after: 3,672,721
Date: 26 Feb 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SWN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -206,110
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 206,110
Exercise price
Footnotes: F1, F3, F4

SWN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -280,264
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 26 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 280,264
Exercise price
Footnotes: F1, F3, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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 23, 2024 and February 26, 2024 were settled in SWN common stock based on the closing price of SWN common stock on the vesting date.

Footnote F2

Represents net share settlement of common stock award to satisfy withholding taxes.

Footnote 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.

Footnote F4

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.

Footnote F5

On February 26, 2020, 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 required years of service, or a change in control. Each restricted stock unit that vests will entitle the holder to receive, payable in common stock or cash at the Compensation Committee's option, a value based on an adjusted stock price, calculated as the sum of (1) the closing stock price on the date of grant and (2) 50 percent of the difference between (a) the closing stock price on the date of vesting and (b) the closing stock price on the date of grant. If paid in stock, in no event will the number of shares of common stock delivered to the Participant exceed the number of restricted stock units granted to the participant.

Footnote F6

Pursuant to the terms and conditions of the award agreement, 678,035 RSUs have been forfeited.