EQT Corporation Announces Grant of Inducement Awards to Executive Vice President and Chief Operating Officer

EQT Corporation (NYSE: EQT) today announced, in accordance with New York Stock Exchange Rules, that it has granted to Gary E. Gould, its Executive Vice President and Chief Operating Officer, on April 22, 2019, employment inducement awards consisting of the following: 190,810 shares of time-based restricted stock, which will vest ratably over three years, subject to Mr. Gould’s continued service; 30,580 shares of time-based restricted stock, which will vest at the end of three years, subject to Mr. Gould’s continued service; 61,160 performance share units, which are subject to the vesting and performance terms of the company’s 2019 Incentive Performance Share Unit Program; and stock options to purchase 110,100 shares of stock at an exercise price of $20.44, which will vest at the end of three years, subject to Mr. Gould’s continued service. These awards were approved by the company’s Management Development and Compensation Committee without shareholder approval as “employment inducement awards” under the New York Stock Exchange rules. These awards were granted to Mr. Gould pursuant to the terms of his offer letter, which was previously disclosed by the company on a Form 8-K filed with the SEC on March 7, 2019.

About EQT Corporation

EQT Corporation is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio. With 130 years of experience and a long-standing history of good corporate citizenship, EQT is the largest producer of natural gas in the United States. As a leader in the use of advanced horizontal drilling technology, EQT is committed to minimizing the impact of drilling-related activities and reducing its overall environmental footprint. Through safe and responsible operations, EQT is helping to meet our nation’s demand for clean-burning energy, while continuing to provide a rewarding workplace and support for activities that enrich the communities where its employees live and work. Visit EQT Corporation at www.EQT.com; and to learn more about EQT’s sustainability efforts, please visit https://csr.eqt.com.

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