0001127602-23-007519.txt : 20230228
0001127602-23-007519.hdr.sgml : 20230228
20230228162112
ACCESSION NUMBER: 0001127602-23-007519
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230221
FILED AS OF DATE: 20230228
DATE AS OF CHANGE: 20230228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cutright Derek W
CENTRAL INDEX KEY: 0001848236
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08246
FILM NUMBER: 23685764
MAIL ADDRESS:
STREET 1: 10000 ENERGY DRIVE
STREET 2: P. O. BOX 12359
CITY: SPRING
STATE: TX
ZIP: 77391-2359
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO
CENTRAL INDEX KEY: 0000007332
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 710205415
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
BUSINESS PHONE: 832-796-4700
MAIL ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
FORMER COMPANY:
FORMER CONFORMED NAME: ARKANSAS WESTERN GAS CO
DATE OF NAME CHANGE: 19790917
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2023-02-21
0000007332
SOUTHWESTERN ENERGY CO
SWN
0001848236
Cutright Derek W
10000 ENERGY DRIVE
P. O. BOX 12359
SPRING
TX
77391-2359
1
SVP and Division Head
Common Stock
2023-02-26
4
M
0
20835
0
A
163090
D
Common Stock
2023-02-26
4
F
0
5074
5.56
D
158016
D
Common Stock
2023-02-26
4
M
0
30284
0
A
188300
D
Common Stock
2023-02-26
4
F
0
11917
5.56
D
176383
D
Common Stock
2023-02-27
5
J
0
E
1325.0121
6.67
A
11937.23
I
by 401(k)
Restricted Stock Unit
2023-02-21
2023-02-28
4
A
0
49460
0
A
Common Stock
49460
49460
D
Restricted Stock Unit
2023-02-26
4
M
0
20835
0
D
Common Stock
20835
0
D
Restricted Stock Unit
2023-02-26
4
M
0
30284
0
D
Common Stock
30284
99361
D
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.
Represents net share settlement of common stock award to satisfy withholding taxes.
Purchased through the Company's 401(k) Plan from February 28, 2022 thru February 27, 2023. The information in this report is based on a plan statement as of February 27, 2022.
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.
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.
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.
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.
/s/ Sara Tate, attorney-in-fact for Mr. Cutright
2023-02-28