Raiford Brittany 4

4 · EXPAND ENERGY Corp · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

EXE VP Brittany Raiford Receives Awards; Forfeits 170 Shares

What Happened

Brittany Raiford, VP and Interim CFO & Treasurer of Expand Energy (EXE), received equity awards on 2026-03-15: 3,558 restricted stock units (RSUs) and two grants of 1,779 performance share units (PSUs) each (total 7,116 units). These awards are recorded at $0 acquisition price because they are compensation awards, not open-market purchases.
To satisfy tax withholding on a partial vesting of previously disclosed RSUs, 170 shares were forfeited to the company (disposed) at a weighted-average price of $107.02, resulting in $18,193 withheld.

Key Details

Transaction date: March 15, 2026; Form 4 filed March 16, 2026.
Grants: 3,558 RSUs (F1); two PSU grants of 1,779 units each (F4, F5). RSUs convert 1:1 to shares; PSUs can convert to 0–2 shares each depending on performance.
Forfeiture/tax withholding: 170 shares forfeited (code F) at VWAP $107.02 (F3) = $18,193 (F2 explains forfeiture to satisfy tax obligations).
Shares owned after the transactions: not disclosed in the filing.
Filing timeliness: filing date is the day after the reported transactions; no late-filing flag reported.

Context

Awards (RSUs/PSUs) are common executive compensation and are not the same as an open-market purchase (not necessarily a bullish signal).
The 170-share disposal was a cashless-like tax withholding mechanism (shares surrendered to the issuer), a routine administrative step when equity vests.
PSUs are contingent awards—final share delivery depends on future performance metrics, so the reported PSU counts may convert to more or fewer actual shares later (0–2x per unit).

Form 4

Period: 2026-03-15

VP, Interim CFO & Treasurer

Transactions

Award
Common Stock
[F1]
2026-03-15+3,558→ 18,618 total
Tax Payment
Common Stock
[F2][F3]
2026-03-15$107.02/sh−170$18,193→ 18,448 total
Award
Performance Share Unit
[F4]
2026-03-15+1,779→ 1,779 total
Exp: 2029-03-15→ Common Stock (1,779 underlying)
Award
Performance Share Unit
[F5]
2026-03-15+1,779→ 1,779 total
Exp: 2029-03-15→ Common Stock (1,779 underlying)

Footnotes (5)

[F1]Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
[F2]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.
[F3]Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.
[F4]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.
[F5]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: BRITTANY RAIFORD|2026-03-16

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