Christopher W. Lacy - 01 Oct 2024 Form 4 Insider Report for SOUTHWESTERN ENERGY CO

Footnote F1

This transaction involved the reporting person's gift of 14,064 shares of common stock.

Footnote F2

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

Footnote F3

In connection with acquisition of Southwestern Energy Company (the "Issuer") by Expand Energy Corporation (formerly known as, Chesapeake Energy Corporation) ("Expand") on October 1, 2024 (the "Closing") the reported shares of Issuer common stock were converted into the right to receive 0.0867 (the "Exchange Ratio") of a share of Expand common stock, with cash in lieu of fractional shares. The closing price per share of Issuer common stock on the Nasdaq Global Select Market on September 30, 2024, the day prior to the Closing was $7.11.

Footnote F4

Each restricted stock unit ("Issuer RSU") or performance stock unit ("Issuer PSUs") represents a contingent right to receive a share of Issuer common stock upon vesting.

Footnote F5

The reported securities represent shares of Expand common stock received in connection with Closing upon accelerated vesting of the Issuer RSUs, Issuer PSUs.

Footnote F6

Upon Closing, the reported Issuer RSUs converted into restricted stock units that represent a contingent right to receive Expand common stock ("Expand RSUs") in an amount equal to the Exchange Ratio multiplied by the total number of shares of Issuer common stock subject to such Issuer RSU award, together with accrued dividend equivalent payments. Such Expand RSUs were granted subject to vesting conditions and settlement terms as applied under the applicable award agreements with respect to the corresponding Issuer RSUs.

Footnote F7

Upon Closing, the reported Issuer PSUs converted into Expand RSUs in an amount equal to the Exchange Ratio multiplied by the total number of shares of Issuer common stock subject to such Issuer PSU award, together with accrued dividend equivalent payments. Such Expand RSUs were granted subject to vesting conditions and settlement terms as applied under the applicable award agreements with respect to the corresponding Issuer PSUs.