0001127602-21-008856.txt : 20210302
0001127602-21-008856.hdr.sgml : 20210302
20210302175858
ACCESSION NUMBER: 0001127602-21-008856
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210223
FILED AS OF DATE: 20210302
DATE AS OF CHANGE: 20210302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Way William J
CENTRAL INDEX KEY: 0001531511
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08246
FILM NUMBER: 21705677
MAIL ADDRESS:
STREET 1: 2350 N SAM HOUSTON PARKWAY EAST
STREET 2: SUITE 125
CITY: HOUSTON
STATE: TX
ZIP: 77032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO
CENTRAL INDEX KEY: 0000007332
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 710205415
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
BUSINESS PHONE: 832-796-4700
MAIL ADDRESS:
STREET 1: 10000 ENERGY DRIVE
CITY: SPRING
STATE: TX
ZIP: 77389
FORMER COMPANY:
FORMER CONFORMED NAME: ARKANSAS WESTERN GAS CO
DATE OF NAME CHANGE: 19790917
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2021-02-23
0000007332
SOUTHWESTERN ENERGY CO
SWN
0001531511
Way William J
10000 ENERGY DRIVE
SPRING
TX
77389
1
1
President and CEO
Common Stock
2021-02-26
4
M
0
200895
0
A
1260295
D
Common Stock
2021-02-26
4
F
0
79053
4.05
D
1181242
D
Common Stock
2021-02-26
4
M
0
314035
0
A
1495277
D
Common Stock
2021-02-26
4
F
0
123573
4.05
D
1371704
D
Common Stock
2021-02-27
4
M
0
193810
0
A
1565514
D
Common Stock
2021-02-27
4
F
0
76265
4.05
D
1489249
D
Common Stock
2021-02-27
4
A
0
484525
0
A
1973774
D
Common Stock
2021-02-27
4
F
0
117983
4.05
D
1855791
D
Restricted Stock Unit
0
2021-02-23
2021-02-26
4
A
0
618330
0
A
Common Stock
618330
618330
D
Restricted Stock Unit
2021-02-26
4
M
0
200895
0
D
Common Stock
200895
401790
D
Restricted Stock Unit
2021-02-26
4
M
0
314035
0
D
Common Stock
314035
1549465
D
Restricted Stock Unit
0
2021-02-27
4
M
0
193810
0
D
Common Stock
193810
193810
D
Each Restricted Stock Unit ("RSU") has the economic equivalent of one share of Southwestern Energy Company ("SWN") common stock. The RSUs vesting on February 26, 2021 and February 27, 2021 were settled in common stock based on the closing price of SWN common stock on the vesting date.
Distribution to reporting person of Issuer's common stock pursuant to Performance Unit Award Agreement dated February 27, 2018.
On February 23, 2021, 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.
On February 26, 2019, the reporting person was granted restricted stock units, vesting in four 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 RSUs will be settled in shares of SWN common stock, cash, or a combination of shares of SWN common stock and cash.
On February 26, 2020, the reporting person was granted restricted stock units, vesting in four 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.
Each restricted stock unit that vests will entitle the holder to receive, payable in common stock or cash at the Compensation Committee's option, a value based on an adjusted stock price, calculated as the sum of (1) the closing stock price on the date of grant and (2) 50 percent of the difference between (a) the closing stock price on the date of vesting and (b) the closing stock price on the date of grant. The reporting person received 378,903 shares of common stock in settlement of the restricted stock units granted on February 26, 2020. In accordance with the terms of the award agreement, the number of shares of common stock are less than the number of restricted stock units granted.
On February 27, 2018, the reporting person was granted restricted stock units, vesting in four 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.
/s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Way
2021-03-02