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Expand Energy (EXE) CFO receives performance share and stock awards

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

Rhea-AI Filing Summary

EXPAND ENERGY Corp EVP & CFO Marcel Teunissen received new equity awards. On April 6, 2026, he was granted two performance share unit awards of 6,001 units each that expire on April 6, 2029. Each performance share unit can convert into zero to two shares of common stock based on absolute or relative total shareholder return over the performance period.

He also received a grant of 5,144 shares of common stock as a stock-based award, bringing his direct common stock holdings to 7,144 shares after the transaction.

Positive

  • None.

Negative

  • None.
Insider Teunissen Marcel
Role EVP & CFO
Type Security Shares Price Value
Grant/Award Performance Share Unit 6,001 $0.00 --
Grant/Award Performance Share Unit 6,001 $0.00 --
Grant/Award Common Stock 5,144 $0.00 --
Holdings After Transaction: Performance Share Unit — 6,001 shares (Direct); Common Stock — 7,144 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 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.
Performance share units grant 1 6,001 units Grant to EVP & CFO Marcel Teunissen on April 6, 2026; expires April 6, 2029
Performance share units grant 2 6,001 units Second PSU grant on April 6, 2026; expires April 6, 2029
PSU share conversion range 0–2 shares per unit Conversion into EXPAND common stock based on total shareholder return performance
Common stock award 5,144 shares Stock-based grant on April 6, 2026 to EVP & CFO
Common stock holdings after grant 7,144 shares Direct EXPAND common stock owned by CFO after April 6, 2026 award
Performance Share Unit financial
"Each performance share unit represents a contingent right to receive from zero to two shares of Expand common stock"
A performance share unit (PSU) is a form of executive or employee pay that promises shares (or the cash value of shares) only if the company meets specific performance targets over a set period. Think of it like a bonus cheque that only arrives if the company hits agreed goals — it aligns managers’ rewards with business results and signals to investors how leadership is being incentivized to grow value over time.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Expand common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
absolute total shareholder return financial
"depending on the achievement of Expand's absolute total shareholder return over the applicable performance period."
relative total shareholder return financial
"depending on the achievement of Expand's relative total shareholder return over the applicable performance period."
Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Teunissen Marcel
(Last)(First)(Middle)
10000 ENERGY DRIVE
(Street)
SPRING TEXAS 77389
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EXPAND ENERGY Corp [ EXE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/06/2026A5,144(1)A$07,144D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Share Unit(2)04/06/2026A6,001 (2)04/06/2029Common Stock6,001(2)$06,001D
Performance Share Unit(3)04/06/2026A6,001 (3)04/06/2029Common Stock6,001(3)$06,001D
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 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.
3. 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: MARCEL TEUNISSEN04/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did EXPAND ENERGY (EXE) disclose about Marcel Teunissen’s recent Form 4 filing?

EXPAND ENERGY reported that EVP & CFO Marcel Teunissen received equity awards. He was granted two performance share unit awards and a separate common stock grant, increasing his direct common stock holdings to 7,144 shares after the transactions on April 6, 2026.

How many performance share units did the EXPAND ENERGY (EXE) CFO receive?

Marcel Teunissen received two separate grants of 6,001 performance share units each. These units are derivatives that may convert into shares of EXPAND common stock depending on performance conditions tied to total shareholder return over the applicable performance periods.

What performance conditions apply to the EXPAND ENERGY (EXE) performance share units?

Each performance share unit can convert into zero to two shares of EXPAND common stock. The actual payout depends on EXPAND’s absolute or relative total shareholder return over the specified performance period, so the number of shares ultimately received may be reduced or increased.

When do the EXPAND ENERGY (EXE) CFO’s performance share units expire?

Both performance share unit grants to the CFO expire on April 6, 2029. Until that date, the awards remain outstanding and may convert into common stock, with the final number of shares determined by total shareholder return performance conditions during the applicable period.

How many EXPAND ENERGY (EXE) common shares does the CFO hold after these grants?

Following the April 6, 2026 stock grant, Marcel Teunissen directly owns 7,144 shares of EXPAND common stock. This total reflects the addition of a 5,144-share stock-based award reported in the Form 4, on top of his previously held common shares.

Are the EXPAND ENERGY (EXE) equity awards open-market purchases or compensation grants?

The reported transactions are compensation-related grants, not open-market trades. The Form 4 classifies them with code “A” for grant, award, or other acquisition, covering performance share units and a common stock award provided as part of the CFO’s equity compensation.