Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 34

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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2024:First Quarter$0.575 $— $0.575 $77 Second Quarter$0.575 $0.14 $0.715 $95 On July 29, 2025, we declared a quarterly dividend payable of $1.465 per share, which will be paid on September 4, 2025 to stockholders of record at the close of business on August 14, 2025. The dividend consists of a base quarterly dividend in the amount of $0.575 per share and a variable quarterly dividend in the amount of $0.89 per share.Share RepurchasesOn October 22, 2024, our Board of Directors authorized repurchases of up to $1.0 billion, in aggregate, of the Company’s common stock and/or warrants under a share repurchase program. During the Current Quarter, we repurchased 0.9 million shares for an aggregate price of $100 million. The shares of common stock repurchased during the Current Quarter were retired and recorded as a reduction to common stock and retained earnings. WarrantsClass A WarrantsClass B WarrantsClass C Warrants(a)Outstanding as of December 31, 20241,254,479 3,073,194 4,383,634 Converted into common stock(b)(1,186,019)(2,823,724)(1,600,930)Outstanding as of March 31, 202568,460 249,470 2,782,704 Converted into common stock(b)(154)(136,285)(645,600)Outstanding as of June 30, 202568,306 113,185 2,137,104 _________________________________________(a)As of June 30, 2025, we had 582,109 of reserved Class C Warrants.

(b)During the Current Period, we issued 6,032,153 shares of common stock as a result of Warrant exercises. 

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Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(Unaudited)

10.Share-Based CompensationOur long-term incentive plan, as amended and adopted by our Board of Directors (the “LTIP”), provides for the grant of RSUs, restricted stock awards, stock options, stock appreciation rights, performance awards and other stock awards to the Company’s employees and