Form 4: EQT Corp Executive James Todd Reports Stock Award Vesting and Tax Withholding

EQT Corp's Chief Accounting Officer, James Todd, reports the vesting of performance awards and associated tax withholding on March 11, 2024.

Summary

• On March 11, 2024, James Todd, Chief Accounting Officer of EQT Corp, had performance awards vest under the company's 2021 Incentive Performance Share Unit Program (IPSUP).
• These awards were paid out in common stock of EQT Corp.
• Mr. Todd acquired 36,667 shares of common stock as a result of the vesting at a price of $0.
• Following the transaction, Mr. Todd directly owns 79,952 shares of common stock, including accrued dividends.
• The company withheld 15,210 shares to satisfy the tax liability associated with the vesting and payout of the awards at a price of $34.61.
• After the withholding, Mr. Todd directly owns 64,742 shares of common stock, including accrued dividends.

Sentiment

Score: 5

Explanation: This is a neutral report on routine stock transactions related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the stock ownership changes of company executives. It is standard practice for companies to withhold shares to cover tax obligations upon the vesting of stock awards.

Stakeholder Impact

• The vesting of shares dilutes existing shareholders slightly.
• The tax withholding benefits the government.

Key Dates