Southwestern Energy (SWN) executive Gillenwater acquired 21,910 shares

Insider transactions reported

Carina L Gillenwater (executive at Southwestern Energy Company, SWN) reported that they acquired 21,910 shares, and gave up 5,336 shares at $5.56 to cover taxes or an exercise price between Feb 21, 2023 and Feb 26, 2023. After these transactions the filing shows 113,397 shares held directly.

Reporting person

Gillenwater Carina L

Options and other derivatives

Holdings before and after

• Common Stock: 96,823 to 113,397 direct
• Restricted Stock Unit: 0 to 42,583 direct

Footnotes from the filing

1. 1. Each Restricted Stock Unit ( RSU ) has the economic equivalent of one share of Southwestern Energy Company ( SWN ) common stock. The RSUs vesting on February 26, 2023 were settled in stock based on the closing price of SWN common stock on February 24, 2023.
2. 2. Represents net share settlement of common stock award to satisfy withholding taxes.
3. 3. 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.
4. 4. 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.
5. 5. On February 26, 2019, 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 the required years of service, or a change in control. Vesting RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
6. 6. 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.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

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