Expand Energy (EXE) EVP awarded stock and performance share units

Rhea-AI Filing Summary

EXPAND ENERGY Corp executive Daniel F. Turco reported equity compensation transactions. He received common stock awards of 5,693 shares that vested at no cash cost and now holds 18,508 common shares directly. On the same date, 775 shares were forfeited back to the company at a value of $107.02 per share to cover tax withholding.

Turco was also granted performance share units in two awards, each covering 6,641 underlying shares of common stock. Each performance share unit can ultimately settle into zero to two shares depending on Expand Energy’s absolute and relative total shareholder return over the applicable performance periods, with expiration in 2029.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Turco Daniel F

Role EVP-MARKETING & COMMERCIAL

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Unit	6,641	$0.00	--
Grant/Award	Performance Share Unit	6,641	$0.00	--
Grant/Award	Common Stock	5,693	$0.00	--
Tax Withholding	Common Stock	775	$107.02	$83K

Holdings After Transaction: Performance Share Unit — 6,641 shares (Direct); Common Stock — 19,283 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock. 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. 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^*

Turco Daniel F

(Last) (First) (Middle)

10000 ENERGY DRIVE

(Street)

SPRING TX 77389

(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)
	EVP-MARKETING & COMMERCIAL

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		5,693(1)	A	$0	19,283	D
Common Stock	03/15/2026		F		775(2)	D	$107.02(3)	18,508	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	(4)	03/15/2026		A		6,641		(4)	03/15/2029	Common Stock	6,641(4)	$0	6,641	D
Performance Share Unit	(5)	03/15/2026		A		6,641		(5)	03/15/2029	Common Stock	6,641(5)	$0	6,641	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Expand common stock.

2. 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.

3. Represents the weighted average volume price, or "VWAP," over the 30 trading days ending on Friday, March 13, 2026.

4. 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.

5. 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: DANIEL F. TURCO	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.

FAQ

What insider transactions did EXPAND ENERGY (EXE) report for Daniel F. Turco?

Daniel F. Turco reported equity compensation activity, including vested awards of 5,693 shares of common stock and new grants of performance share units. He also had 775 shares withheld and forfeited to the company to satisfy related tax obligations.

How many EXPAND ENERGY (EXE) common shares does Daniel F. Turco hold after these transactions?

Following these transactions, Daniel F. Turco directly holds 18,508 shares of EXPAND ENERGY common stock. This figure reflects both the new vested stock award and the 775 shares forfeited back to the issuer to cover tax withholding on the vesting event.

What performance share units did EXPAND ENERGY (EXE) grant to Daniel F. Turco?

Daniel F. Turco received two grants of performance share units, each tied to 6,641 underlying shares of common stock. Each unit may ultimately convert into zero to two shares based on absolute and relative total shareholder return performance through the applicable periods.

How are the EXPAND ENERGY (EXE) performance share units for Daniel F. Turco structured?

Each performance share unit represents a contingent right to receive between zero and two EXPAND ENERGY common shares. The final payout depends on the company’s absolute and relative total shareholder return over specified performance periods, with the awards expiring in 2029 if conditions are not met.

Was the 775-share disposition by Daniel F. Turco an open-market sale of EXPAND ENERGY (EXE) stock?

No. The 775-share disposition was a tax-withholding event, not an open-market sale. The shares were forfeited back to EXPAND ENERGY at $107.02 per share to satisfy tax obligations related to the partial vesting of a previously granted restricted stock unit award.

What does the $107.02 price mean in Daniel F. Turco’s EXPAND ENERGY (EXE) Form 4?

The $107.02 figure is the weighted average volume price over the 30 trading days ending March 13, 2026. It was used as the valuation for the 775 shares forfeited to EXPAND ENERGY to cover tax withholding on the vesting of restricted stock units.