Derek W. Cutright - 21 Feb 2024 Form 4 Insider Report for SOUTHWESTERN ENERGY CO (SWN)

Role: SVP and Division Head
Signature: /s/ Melissa D. McCarty, attorney-in-fact for Mr. Cutright
Issuer symbol: SWN
Transactions as of: 21 Feb 2024
Net transactions value: -$62,294
Form type: 4
Filing time: 23 Feb 2024, 16:11:02 UTC
Previous filing: 24 Feb 2023
Next filing: 27 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWN	Common Stock	Options Exercise	$0	+16,486	+9.3%	$0.000000	192,869	21 Feb 2024	Direct	F1
transaction	SWN	Common Stock	Tax liability	$28,506	-4,015	-2.1%	$7.10	188,854	21 Feb 2024	Direct	F2
transaction	SWN	Common Stock	Options Exercise	$0	+19,763	+10%	$0.000000	208,617	22 Feb 2024	Direct	F1
transaction	SWN	Common Stock	Tax liability	$33,787	-4,813	-2.3%	$7.02	203,804	22 Feb 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SWN	Restricted Stock Units	Award	$0	+93,170		$0.000000	93,170	21 Feb 2024	Common Stock	93,170		Direct	F3, F4
transaction	SWN	Restricted Stock Unit	Options Exercise	$0	-16,486	-33%	$0.000000	32,974	21 Feb 2024	Common Stock	16,486		Direct	F1, F3, F5
transaction	SWN	Restricted Stock Unit	Options Exercise	$0	-19,763	-50%	$0.000000	19,764	22 Feb 2024	Common Stock	19,763		Direct	F1, F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on February 21, 2024 and February 22, 2024 were settled in common stock based on the closing price of SWN common stock on the vesting date.
F2	Represents net share settlement of common stock award to satisfy withholding taxes.
F3	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.
F4	On February 21, 2024 the reporting person was granted Restricted Stock Units (RSUs), vesting in three 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 units will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
F5	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.
F6	On February 22, 2022, 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.