SEC Form 4 · accession 0001127602-19-006870
EQT Corp · EQT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Joseph Smith
Officer — SVP, Human Resources
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000033213
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2019 | M | 2,766 | — | A | 25,376 | D | |
| Common Stock | Feb 14, 2019 | D | 2,766 | $18.89 | D | 22,610 | D | |
| Common StockF2 | Feb 14, 2019 | A | 3,764 | — | A | 26,374 | D | |
| Common StockF3 | Feb 14, 2019 | F | 1,072 | $18.20 | D | 25,302 | D | |
| Common Stock | holding | — | — | — | 18,143 | I | Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 14, 2019 | M | 2,766 | D | Feb 14, 2019 | Feb 14, 2019 | Common Stock | 2,766 | 0 | D |
| Restricted Stock UnitsF4,F5 | — | Feb 14, 2019 | A | 3,048 | A | — | — | Common Stock | 3,048 | 3,048 | D |
Explanation of responses
- F1Each Restricted Stock Unit was a confirmed performance award under the 2017 Value Driver Award Program (2017 VDA) representing a contingent right to receive in cash the economic equivalent of one share of Company common stock. On February 14, 2019, the Restricted Stock Units vested and were paid out in cash based on the closing price of Company common stock on December 31, 2018.
- F2On February 14, 2019, performance awards under the Company's 2016 Incentive Performance Share Unit Program (2016 IPSUP) vested and were paid out in common stock.
- F3The Company, consistent with its practice, withheld shares to satisfy the tax liability associated with the vesting and payout of awards under the 2016 IPSUP.
- F4Each Restricted Stock Unit is a confirmed performance award under the Company's 2018 Value Driver Award Program (2018 VDA) and represents a contingent right to receive in cash the economic equivalent of one share of Company common stock.
- F5The Restricted Stock Units will vest and be paid out in cash during the first quarter of 2020 provided that the recipient is employed by the Company on the date that the payment is made.