Form 4: Expand Energy Corp EVP & CFO Mohit Singh Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Mohit Singh, EVP & CFO of Expand Energy Corp, reports the forfeiture of 4,493 common stock shares to cover tax withholding obligations related to a restricted stock award.
Summary
- On January 1, 2025, Mohit Singh, the EVP & CFO of Expand Energy Corp, forfeited 4,493 shares of common stock.
- The shares were forfeited to satisfy tax withholding obligations related to the vesting of a previously disclosed restricted stock award.
- The transaction occurred at a price of $99.55 per share.
- Following the transaction, Singh directly owns 36,467 shares of Expand Energy Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard tax obligation related to equity compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.
Stakeholder Impact
- The forfeiture of shares has a minor dilutive effect on existing shareholders, but it is a standard part of equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of stock forfeiture transaction. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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