Christopher W. Lacy

Executive Vice President, General Counsel, and Corporate Secretary at Expand Energy Corp

Since October 1, 2024

Age

47 years

Education

Earned a B.A. in Communication from the University of Texas and a juris doctorate from the University of Houston Law Center.

Tenure

Joined EXE on October 1, 2024, following the merger with Southwestern Energy Corporation and was appointed as Executive Vice President, General Counsel, and Corporate Secretary.

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About

Christopher W. Lacy, aged 47, has built a sterling academic profile, earning a B.A. in Communication from the University of Texas and a juris doctorate from the University of Houston Law Center.

Before joining EXE, he honed his legal expertise through nearly two decades of high-stakes litigation at renowned law firms and served at Southwestern Energy Corporation where he held progressive roles, beginning as Chief Litigation Counsel in 2014 and eventually advancing to Senior Vice President, General Counsel, and Secretary.

Since October 1, 2024, he has served as the Executive Vice President, General Counsel, and Corporate Secretary at Expand Energy Corporation (EXE) following the merger with Southwestern Energy Corporation. His role is pivotal in overseeing legal and corporate governance functions, marking a significant milestone in his distinguished career.

Past Roles

Organization	Role	Date Range	Details
Southwestern Energy Corporation	Senior Vice President, General Counsel, and Secretary; initially joined as Chief Litigation Counsel	2014 - October 1, 2024	Held various roles of progressively increasing responsibility
Dewey & LeBouef, LLP	Attorney focusing on high-value, high-stakes litigation	N/A	N/A
Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.C.	Attorney specializing in high-value, high-stakes litigation	N/A	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$490,000	Annualized	Base salary
One-Time Inducement Award - Cash Bonus	$500,000	One-time	Cash bonus
One-Time Inducement Award - RSUs	$1,000,000	One-time (vesting details not specified)	Restricted stock units valued at $1,000,000
Company Contributions to Retirement Plans	$1,077	As contributed	401(k) plan contribution
New Hire Benefits - Relocation	$107,100	One-time	Relocation benefits
Other Perquisites and Benefits	$11,343	Ongoing	Includes supplemental life insurance premiums ($1,352), executive physical costs ($4,200), supplemental health insurance premiums ($3,804), auto allowance expenses ($1,987)
Severance Benefits	N/A	N/A	Not applicable as Mr. Lacy was not terminated
Non-Qualified Deferred Compensation	Aggregate Earnings: $(803), End-Balance: $120,054	Deferred	Non-qualified deferred compensation details

Performance Compensation

Data from FY 2024

2024 Annual Incentive Program (AIP) Summary

Metric	Value	Detail
Base Salary	$490,000	Annualized base salary
AIP Target Percentage	80%	Target incentive as a percentage of base salary
AIP Target Payout	$392,000	80% of base salary
Actual Payout Factor	155%	Reflects performance across metrics
Actual Earned Payout	$607,600	Payout received in March 2025

Performance Metrics and Weightings

Metric Category	Sub-metric	Threshold	Target (100%)	Maximum (200%)	Weight
Cash Generation	Net Revenue	$1.83	$2.06	$2.50	20%
	Cash Costs	$0.48	$0.43	$0.38	15%
Capital Efficiency	New Well Program Delivery	0.41	0.68	0.88	15%
	New Well Capex Efficiency	$2.55	$2.22	$2.00	15%
Sustainability	Total Recordable Incident Rate	0.33	0.27	0.13	5%
	Safety Leadership Engagement	3,950	4,650	6,950	5%
	GHG Emission Intensity	2.8	2.3	1.8	5%
Qualitative Leadership Goals	-	N/A	Evaluated qualitatively; payout at 150% of 20% target	N/A	20%

Additional Details

Evaluation Period: 2024 performance with payout in March 2025.
Vesting Schedule: Not applicable as the AIP is cash-based.
Gating Metrics: Methane Intensity and Serious Incidents and Fatalities (SIF) must meet thresholds for full payout.
Pro-Ration: Participation prorated due to Mr. Lacy joining on October 1, 2024.