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EXPAND ENERGY Corp·4

Mar 16, 4:47 PM ET

Larson Gregory M. 4

4 · EXPAND ENERGY Corp · Filed Mar 16, 2026

Research Summary

AI-generated summary of this filing

Updated

Expand Energy (EXE) VP Gregory Larson Receives Awards, Exercises Units

What Happened

  • Gregory M. Larson, VP – Accounting & Controller at Expand Energy (EXE), received/vested equity awards and converted performance share units on March 15, 2026. He became entitled to a total of 3,325 shares (2,372 restricted stock units + 881 absolute-TSR performance shares + 72 relative-TSR performance shares).
  • To satisfy tax withholding obligations, 798 shares were forfeited to the issuer (522 shares and 276 shares) at a weighted-average price of $107.02 (VWAP), generating withholding values of $55,864 and $29,538 respectively (total ≈ $85,402). The awards and conversions were recorded at $0 exercise price (awards/units).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
  • Prices: Awards/vests recorded at $0 (grant/exercise of RSUs and performance units); tax-withholding forfeitures priced at $107.02 VWAP (30-day VWAP ending March 13, 2026).
  • Shares involved: 2,372 RSUs vested; 881 and 72 performance shares converted; 798 shares forfeited to cover taxes.
  • Shares owned after transaction: Not specified in the filing.
  • Relevant footnotes: F1 = each RSU = 1 share; F2–F3 & F7–F8 = performance share units converted based on TSR metrics (881 and 72 shares became payable); F4 & F6 = shares forfeited to issuer to satisfy tax withholding; F5 = VWAP method used to price withholding.
  • Transaction codes explained: A = award/grant; M = exercise/conversion of derivative (performance/unit conversion); F = payment of exercise price or tax liability (forfeiture to cover taxes).

Context

  • This was not an open-market sale or purchase: it reflects vesting/conversion of company compensation awards and the routine withholding of shares to satisfy tax obligations (a common cashless-withholding mechanism). Such withholding disposals are administrative and do not necessarily indicate a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-03-15
EXPAND ENERGY CorpEXE
Larson Gregory M.
VP-Accounting & Controller
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-15+2,372→ 14,405 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+881→ 15,286 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-15+72→ 15,358 total
  • Tax Payment

    Common Stock

    [F4][F5]
    2026-03-15$107.02/sh−522$55,864→ 14,836 total
  • Tax Payment

    Common Stock

    [F6][F5]
    2026-03-15$107.02/sh−276$29,538→ 14,560 total
  • Exercise/Conversion

    Performance Share Unit

    [F2]
    2026-03-15−881→ 0 total
    From: 2026-03-15Exp: 2026-03-15→ Common Stock (881 underlying)
  • Exercise/Conversion

    Performance Share Unit

    [F3]
    2026-03-15−72→ 0 total
    From: 2026-03-15Exp: 2026-03-15→ Common Stock (72 underlying)
  • Award

    Performance Share Unit

    [F7]
    2026-03-15+1,186→ 1,186 total
    Exp: 2029-03-15→ Common Stock (1,186 underlying)
  • Award

    Performance Share Unit

    [F8]
    2026-03-15+1,186→ 1,186 total
    Exp: 2029-03-15→ Common Stock (1,186 underlying)
Footnotes (8)
  • [F1]Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
  • [F2]Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period. Effective March 15, 2026, the Reporting Person was entitled to receive 881 shares of common stock, before tax withholding obligations.
  • [F3]Each performance share unit represented a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period. Effective March 15, 2026, the Reporting Person was entitled to receive 72 shares of common stock, before tax withholding obligations.
  • [F4]These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock unit award.
  • [F5]Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.
  • [F6]These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the vesting of a previously disclosed performance share unit award.
  • [F7]Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's absolute total shareholder return over the applicable performance period.
  • [F8]Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock, depending on the achievement of Expand's relative total shareholder return over the applicable performance period.
Signature
Michael D. May For: GREGORY M. LARSON|2026-03-16

Documents

1 file
  • 4
    wk-form4_1773694064.xmlPrimary

    FORM 4