Form 4: Expand Energy Corp Executive Forfeits Shares to Cover Tax Obligations
SEC Form 4 Filing
Christopher W. Lacy, EVP General Counsel of Expand Energy Corp, forfeited 3,257 common stock shares to cover tax withholding obligations related to a restricted stock award.
Summary
- On February 21, 2025, Christopher W. Lacy, the EVP General Counsel of Expand Energy Corp, forfeited 3,257 shares of common stock.
- The shares were forfeited to satisfy tax withholding obligations related to the vesting of a previously disclosed restricted stock award.
- Following the transaction, Lacy directly owns 57,863 shares of Expand Energy Corp.
- The price per share for the transaction was $104.14.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to forfeit shares to cover taxes upon vesting of restricted stock awards.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transaction: Christopher W. Lacy forfeited 3,257 shares of common stock. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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