Robert F. Vagt - 22 Jul 2024 Form 4 Insider Report for EQT Corp (EQT)

Reporting relationship: Director
Issuer ticker: EQT
Reported as of: 22 Jul 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 24 Jul 2024, 16:24:01 UTC
Prior SEC filing: 08 May 2024
Next SEC filing: 23 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Patrick J. OMalley, Attorney-in-Fact

Key filing fact

Robert F. Vagt filed Form 4 for EQT Corp (EQT) on 24 Jul 2024.

Key facts

This page summarizes Robert F. Vagt's Form 4 filing for EQT Corp (EQT).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 24 Jul 2024, 16:24.

Change

Previous filing in this sequence was filed on 08 May 2024.
Current net transaction value: $0.

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.

EQT transaction

Common Stock

Award

Transaction value
Shares: +9,239
Change %: +832%
Price
Shares after: 10,349
Date: 22 Jul 2024
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

EQT transaction Derivative

Deferred Compensation-Phantom Units

Award

Transaction value
Shares: +50,226
Change %: +1246%
Price
Shares after: 54,258
Date: 22 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 50,226
Exercise price
Footnotes: F1, F3, F4, F5, F6

EQT transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +4,210
Change %
Price: $0.000000
Shares after: 4,210
Date: 22 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,210
Exercise price
Footnotes: F7, F8

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

On July 22, 2024 (the "Closing Date"), EQT Corporation ("EQT") completed its acquisition (the "Merger") of Equitrans Midstream Corporation ("Equitrans") pursuant to the Agreement and Plan of Merger, dated as of March 10, 2024 (the "Merger Agreement"), by and among EQT, certain of EQT's subsidiaries and Equitrans.

Footnote F2

Received in exchange for 26,369 shares of Equitrans common stock in connection with the Merger. Pursuant to the Merger Agreement, each issued and outstanding share of Equitrans common stock, excluding any Excluded Shares (as defined in the Merger Agreement), was converted into the right to receive 0.3504 shares of EQT common stock, with cash in lieu of fractional shares. On the Closing Date, the closing price of Equitrans common stock was $12.42 per share and the closing price of EQT common stock was $35.67 per share.

Footnote F3

Each phantom unit is the economic equivalent of one share of EQT common stock.

Footnote F4

Award represents compensation that is deferred until retirement.

Footnote F5

Received in exchange for 143,339 Equitrans phantom units in connection with the Merger.

Footnote F6

Includes accrued dividends.

Footnote F7

Each restricted stock unit represents a right to receive one share of EQT common stock.

Footnote F8

All of the restricted stock units granted to the reporting person on July 22, 2024 will vest on the date of EQT's 2025 Annual Meeting of Shareholders, subject to the conditions set forth in the award. Shares of EQT common stock will be delivered to the reporting person either upon vesting or, if the reporting person elected to defer receipt, following cessation of service as a director.