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Expand Energy (EXE) VP receives share awards and performance units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EXPAND ENERGY Corp VP-Accounting & Controller Gregory M. Larson reported equity compensation and related tax withholding for company shares. On March 15, 2026, he exercised performance share units that delivered 953 shares of common stock based on absolute and relative total shareholder return goals.

He also received grants of 1,186 + 1,186 performance share units and 2,372 shares of common stock as awards. To cover tax obligations on vesting, 522 shares and 276 shares were forfeited back to the issuer at a value of $107.02 per share, described as a 30‑day VWAP. After these transactions, he directly holds 14,560 shares of common stock.

Positive

  • None.

Negative

  • None.
Insider Larson Gregory M.
Role VP-Accounting & Controller
Type Security Shares Price Value
Exercise Performance Share Unit 881 $0.00 --
Exercise Performance Share Unit 72 $0.00 --
Grant/Award Performance Share Unit 1,186 $0.00 --
Grant/Award Performance Share Unit 1,186 $0.00 --
Grant/Award Common Stock 2,372 $0.00 --
Exercise Common Stock 881 $0.00 --
Exercise Common Stock 72 $0.00 --
Tax Withholding Common Stock 522 $107.02 $56K
Tax Withholding Common Stock 276 $107.02 $30K
Holdings After Transaction: Performance Share Unit — 0 shares (Direct); Common Stock — 14,405 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock. 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. 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. 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. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026. 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. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Larson Gregory M.
(Last) (First) (Middle)
6100 N. WESTERN AVE.
(Street)
OKLAHOMA CITY OK 73118
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXPAND ENERGY Corp [ EXE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP-Accounting & Controller
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/15/2026 A 2,372(1) A $0 14,405 D
Common Stock 03/15/2026 M 881(2) A $0 15,286 D
Common Stock 03/15/2026 M 72(3) A $0 15,358 D
Common Stock 03/15/2026 F 522(4) D $107.02(5) 14,836 D
Common Stock 03/15/2026 F 276(6) D $107.02(5) 14,560 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Share Unit (2) 03/15/2026 M 881 03/15/2026 03/15/2026 Common Stock 881(2) $0 0 D
Performance Share Unit (3) 03/15/2026 M 72 03/15/2026 03/15/2026 Common Stock 72(3) $0 0 D
Performance Share Unit (7) 03/15/2026 A 1,186 (7) 03/15/2029 Common Stock 1,186(7) $0 1,186 D
Performance Share Unit (8) 03/15/2026 A 1,186 (8) 03/15/2029 Common Stock 1,186(8) $0 1,186 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock.
2. 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.
3. 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.
4. 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.
5. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.
6. 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.
7. 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.
8. 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.
Remarks:
Michael D. May For: GREGORY M. LARSON 03/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did EXPAND ENERGY (EXE) report for Gregory M. Larson?

Gregory M. Larson reported equity compensation activity on March 15, 2026, including performance share unit exercises, new performance unit grants, restricted stock awards, and share forfeitures to cover taxes. These transactions changed his direct common stock holdings and derivative awards.

How many EXPAND ENERGY (EXE) shares did Gregory M. Larson acquire in this Form 4?

Larson acquired 953 EXPAND ENERGY common shares through performance share unit exercises, plus 2,372 common shares from a stock award. He also received two separate grants of 1,186 performance share units each, which are derivatives tied to future total shareholder return performance.

Why were some EXPAND ENERGY (EXE) shares forfeited by Gregory M. Larson?

Shares were forfeited to satisfy tax withholding obligations on vesting awards. Specifically, 522 and 276 EXPAND ENERGY common shares were returned to the issuer at a value of $107.02 per share, which the filing describes as a 30‑day volume‑weighted average price.

Did Gregory M. Larson sell EXPAND ENERGY (EXE) shares in the open market?

The filing shows no open‑market sales. Share dispositions were coded as tax‑withholding events, meaning 798 total shares were surrendered back to EXPAND ENERGY to cover taxes on vesting, rather than sold to public market buyers for cash proceeds.

How many EXPAND ENERGY (EXE) shares does Gregory M. Larson own after these transactions?

After all reported March 15, 2026 transactions, Larson directly holds 14,560 shares of EXPAND ENERGY common stock. This figure reflects the net effect of stock awards, performance share unit exercises, and share forfeitures for tax withholding obligations disclosed in the filing.

What are the terms of Gregory M. Larson’s new EXPAND ENERGY performance share units?

Each performance share unit represents a contingent right to receive zero to two EXPAND ENERGY common shares. Payout depends on achieving specified absolute or relative total shareholder return performance over the applicable measurement period, with an expiration date shown as March 15, 2029.