Director Vagt Robert F was granted 9,239 shares, increasing direct ownership by 832% to 10,349 units (SEC Form 4)
$EQT
Oil & Gas Production
Energy
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
EQT Corp [ EQT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/22/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 07/22/2024 | A | 9,239 | A | (1)(2) | 10,349 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Deferred Compensation-Phantom Units | (3) | 07/22/2024 | A | 50,226 | (4) | (4) | Common Stock | 50,226 | (1)(5) | 54,258(6) | D | ||||
| Restricted Stock Units | (7) | 07/22/2024 | A | 4,210 | (8) | (8) | Common Stock | 4,210 | $0 | 4,210 | D | ||||
| Explanation of Responses: |
| 1. On July 22, 2024 (the "Closing Date"), EQT Corporation ("EQT") completed its acquisition (the "Merger") of Equitrans Midstream Corporation ("Equitrans") pursuant to the Agreement and Plan of Merger, dated as of March 10, 2024 (the "Merger Agreement"), by and among EQT, certain of EQT's subsidiaries and Equitrans. |
| 2. Received in exchange for 26,369 shares of Equitrans common stock in connection with the Merger. Pursuant to the Merger Agreement, each issued and outstanding share of Equitrans common stock, excluding any Excluded Shares (as defined in the Merger Agreement), was converted into the right to receive 0.3504 shares of EQT common stock, with cash in lieu of fractional shares. On the Closing Date, the closing price of Equitrans common stock was $12.42 per share and the closing price of EQT common stock was $35.67 per share. |
| 3. Each phantom unit is the economic equivalent of one share of EQT common stock. |
| 4. Award represents compensation that is deferred until retirement. |
| 5. Received in exchange for 143,339 Equitrans phantom units in connection with the Merger. |
| 6. Includes accrued dividends. |
| 7. Each restricted stock unit represents a right to receive one share of EQT common stock. |
| 8. All of the restricted stock units granted to the reporting person on July 22, 2024 will vest on the date of EQT's 2025 Annual Meeting of Shareholders, subject to the conditions set forth in the award. Shares of EQT common stock will be delivered to the reporting person either upon vesting or, if the reporting person elected to defer receipt, following cessation of service as a director. |
| /s/ Patrick J. OMalley, Attorney-in-Fact | 07/24/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||