Form 4: Expand Energy Corp EVP & CFO Mohit Singh Reports Changes in Beneficial Ownership
SEC Form 4
Mohit Singh, EVP & CFO of Expand Energy Corp, reports transactions involving common stock and performance share units, resulting in adjustments to his beneficial ownership.
Summary
- On March 15, 2025, Mohit Singh, the EVP & CFO of Expand Energy Corp, reported changes in his beneficial ownership of the company's securities.
- These changes involve the acquisition and disposition of common stock and performance share units.
- Singh acquired 27,760 shares of common stock from performance share units based on absolute total shareholder return and 4,387 shares from performance share units based on relative total shareholder return.
- He also acquired 7,673 shares of common stock from restricted stock units.
- A total of 14,178 shares were forfeited to cover tax obligations related to performance share units, and 3,114 shares were forfeited for tax obligations related to restricted stock units.
- Following these transactions, Singh directly owns 58,995 shares of common stock.
- He also holds 8,952 performance share units based on absolute total shareholder return and 8,952 performance share units based on relative total shareholder return, both expiring on March 15, 2028.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company. It allows investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor the transactions of company insiders to assess their confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of earliest transaction and vesting of performance share units and restricted stock units. |
| 03/15/2028 | Expiration date of performance share units. |
| 03/17/2025 | Date of signature for the report. |
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