Expand Energy appoints Sarah Grose chief accounting officer
Her compensation terms include a $325,000 annual base salary, a 50% target cash bonus and a $500,000 annual long-term incentive target.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Expand Energy Corporation appointed Sarah Grose as Vice President – Chief Accounting Officer on October 8, 2026, and she assumed principal accounting officer duties effective immediately. Marcel Teunissen, the company’s Executive Vice President and Chief Financial Officer, had been performing those duties on an interim basis. Grose joined the company in 2019 and most recently served as Director – Corporate Accounting from 2021 to 2026.
Her annual base salary is $325,000. Her annual cash performance bonus target is 50% of her annual base salary, earned based on performance goals established by the Board or Compensation Committee and prorated for 2026. She will also participate in the 2021 Long-Term Incentive Program, with an annual long-term incentive target of $500,000.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Annual base salary: $325,000
Annual cash performance bonus target: 50% of annual base salary
Annual long-term incentive target: $500,000
3 metrics
Annual base salary
$325,000
Sarah Grose's compensation as Vice President – Chief Accounting Officer
Annual cash performance bonus target
50% of annual base salary
Based on performance goals established by the Board or Compensation Committee; prorated for 2026
Annual long-term incentive target
$500,000
Under the 2021 Long-Term Incentive Program
Key Terms
principal accounting officer, annual cash performance bonus target, Long-Term Incentive Program
3 terms
principal accounting officer financial
"duties as principal accounting officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
annual cash performance bonus target financial
"annual cash performance bonus target of 50%"
Long-Term Incentive Program financial
"participate in the Company’s 2021 Long-Term Incentive Program"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is EXE's new principal accounting officer?
Expand Energy appointed Sarah Grose as Vice President – Chief Accounting Officer on October 8, 2026, and she assumed principal accounting officer duties effective immediately. Marcel Teunissen, the company’s Executive Vice President and Chief Financial Officer, had been performing those duties on an interim basis.
What is Sarah Grose's compensation at EXE?
Grose’s annual base salary is $325,000, and her annual cash performance bonus target is 50% of her annual base salary. The bonus is based on performance goals established by the Board or Compensation Committee and prorated for 2026. Her annual long-term incentive target is $500,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 8, 2026
| (Exact name of registrant as specified in its Charter) | |||||||||||||||||||||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||||||||
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). | ||||||||
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 8, 2026, Sarah Grose was appointed as Vice President – Chief Accounting Officer of Expand Energy Corporation (the “Company”). Ms. Grose will now assume the duties as principal accounting officer, effective immediately. Marcel Teunissen, the Company’s current Executive Vice President and Chief Financial Officer, was previously performing the duties as principal accounting officer of the Company on an interim basis.
Ms. Grose, 40, joined the Company in 2019 and has served in various accounting leadership roles of increasing responsibility. She most recently served as the Director – Corporate Accounting from 2021 to 2026. Ms. Grose holds a B.B.A. in Accounting and Finance and M.S. in Accounting from the University of Oklahoma and is a certified public accountant.
In connection with her appointment as Vice President – Chief Accounting Officer of the Company, Ms. Grose’s annual base salary will be $325,000, with an annual cash performance bonus target of 50% of her annual base salary, which bonus will be earned based on the achievement of certain performance goals established by the Board or the Compensation Committee and prorated with respect to 2026. Ms. Grose will also participate in the Company’s 2021 Long-Term Incentive Program, pursuant to which her annual long-term incentive target will be $500,000.
There are no arrangements or understandings between Ms. Grose and any other person pursuant to which she was appointed Vice President – Chief Accounting Officer and principal accounting officer. Ms. Grose does not have any family relationships with any director or executive officer of the Company, or person nominated or chosen by the Company to become a director or executive officer, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXPAND ENERGY CORPORATION | |||||
| By: | /s/ CHRIS LACY | ||||
| Chris Lacy | |||||
| Executive Vice President, General Counsel and Corporate Secretary | |||||
Date: October 13, 2026