Benjamin Russ - Jun 16, 2024 Form 4 Insider Report for CHESAPEAKE ENERGY CORP (CHK)

Role
EVP-General Counsel
Signature
J. David Hershberger For: BENJAMIN RUSS
Stock symbol
CHK
Transactions as of
Jun 16, 2024
Transactions value $
-$968,042
Form type
4
Date filed
6/18/2024, 04:06 PM
Previous filing
Apr 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHK Common Stock Options Exercise +26.2K +190.1% 40K Jun 16, 2024 Direct F1
transaction CHK Common Stock Tax liability -$950K -11.2K -27.9% $85.14 28.8K Jun 16, 2024 Direct F2
transaction CHK Common Stock Tax liability -$18.2K -214 -0.74% $85.14 28.6K Jun 16, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CHK Performance Share Unit Options Exercise $0 -14.5K -100% $0.00* 0 Jun 16, 2024 Common Stock $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive from zero to two shares of Chesapeake common stock, depending on the achievement of volume weighted average prices over the applicable performance period. Effective 6/16/24, the Reporting Person was entitled to receive 26,203 shares of common stock (before tax withholding obligations).
F2 These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the vesting the performance share unit award.
F3 These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock award.