0001127602-24-007182.txt : 20240227 0001127602-24-007182.hdr.sgml : 20240227 20240227162154 ACCESSION NUMBER: 0001127602-24-007182 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240223 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Way William J CENTRAL INDEX KEY: 0001531511 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08246 FILM NUMBER: 24687120 MAIL ADDRESS: STREET 1: 2350 N SAM HOUSTON PARKWAY EAST STREET 2: SUITE 125 CITY: HOUSTON STATE: TX ZIP: 77032 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO CENTRAL INDEX KEY: 0000007332 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation 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 X0508 4 2024-02-23 0000007332 SOUTHWESTERN ENERGY CO SWN 0001531511 Way William J 10000 ENERGY DRIVE SPRING TX 77389 1 1 President and CEO 0 Common Stock 2024-02-23 4 M 0 206110 0 A 3583846 D Common Stock 2024-02-23 4 F 0 81105 6.91 D 3502741 D Common Stock 2024-02-26 4 M 0 280264 0 A 3783005 D Common Stock 2024-02-26 4 F 0 110284 6.94 D 3672721 D Restricted Stock Unit 2024-02-23 4 M 0 206110 0 D Common Stock 206110 0 D Restricted Stock Unit 2024-02-26 4 M 0 280264 0 D Common Stock 280264 0 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 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. Represents net share settlement of common stock award to satisfy withholding taxes. 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. 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. 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. Pursuant to the terms and conditions of the award agreement, 678,035 RSUs have been forfeited. /s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Way 2024-02-27