Insider Selling Surge at EQT Corp.
On February 13, 2026, President & CEO Rice Toby Z. executed two sizable sell transactions totaling 25,981 shares of common stock at the market price of $58.70. These sales coincide with a broader wave of insider divestments: every top executive—chief financial officer, legal officer, accounting officer, information officer, human resources officer, and two vice presidents—sold between 1,000 and 3,500 shares during the same filing period. The cumulative insider outflow amounts to roughly 35,000 shares, a 0.1 % reduction in total shares outstanding, yet enough to spark a 121 % increase in social‑media buzz and a modest positive sentiment (+32) around EQT’s stock.
What the Market Might Be Reading
For investors, the coordinated selling raises questions about internal confidence. While the transactions are routine vesting‑related sales, the fact that every key executive is off‑loading shares suggests a possible shift in outlook or a desire to rebalance personal portfolios before the upcoming earnings release on February 17. EQT’s share price, hovering near its 52‑week low of $43.57 and just above the $57.75 close, has already gained 13.89 % monthly and 11.55 % yearly, indicating resilience. Nonetheless, a sudden surge in selling can pressure the stock, especially if coupled with the company’s modest earnings expectations. Analysts will watch whether the sales are matched by a strategic announcement—such as a divestiture of non‑core assets or a new capital‑intensive project—that could justify the outflow.
Rice Toby Z.: A Profile of the Deal‑Maker
Rice Toby Z.’s transaction history paints the picture of a CEO who routinely balances ownership with liquidity. On February 11, 2026, he purchased 52,350 shares, bringing his holdings to 2,307,882, a clear signal of long‑term commitment. The recent sell of 25,981 shares—half the amount he bought two days earlier—highlights a disciplined approach to equity management, likely driven by tax‑withholding needs tied to restricted stock unit vesting. Historically, Rice’s trades have been modest, averaging under 10,000 shares per filing, and always at market price, suggesting a focus on transparency and compliance rather than opportunistic timing. His consistent buying and selling pattern indicates that he views his equity stake as both a performance incentive and a personal investment vehicle.
Implications for EQT’s Future
If the insider sales reflect a genuine shift in confidence, EQT’s management may need to address investor concerns through clearer communication about strategic priorities. A potential catalyst could be the upcoming quarterly results, which are expected to show modest earnings growth but also reveal the company’s exposure to volatile natural‑gas prices. Should the company announce new capital projects or a divestiture of non‑core assets, the insider sales might be reframed as a routine portfolio adjustment rather than a signal of distress. For now, investors should monitor the earnings release, subsequent analyst commentary, and any guidance from the board to gauge whether the insider activity portends a strategic pivot or merely a routine equity realignment.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-13 | Rice Toby Z. (PRESIDENT & CEO) | Sell | 13,829.00 | 58.70 | Common Stock |
| 2026-02-13 | Rice Toby Z. (PRESIDENT & CEO) | Sell | 12,152.00 | 58.70 | Common Stock |
| 2026-02-13 | Knop Jeremy (CHIEF FINANCIAL OFFICER) | Sell | 1,563.00 | 58.70 | Common Stock |
| 2026-02-13 | Knop Jeremy (CHIEF FINANCIAL OFFICER) | Sell | 3,142.00 | 58.70 | Common Stock |
| 2026-02-13 | Jordan William E. (CHIEF LEGAL & POLICY OFFICER) | Sell | 3,366.00 | 58.70 | Common Stock |
| 2026-02-13 | Jordan William E. (CHIEF LEGAL & POLICY OFFICER) | Sell | 2,095.00 | 58.70 | Common Stock |
| 2026-02-13 | James Todd (CHIEF ACCOUNTING OFFICER) | Sell | 1,210.00 | 58.70 | Common Stock |
| 2026-02-13 | James Todd (CHIEF ACCOUNTING OFFICER) | Sell | 988.00 | 58.70 | Common Stock |
| 2026-02-13 | Duran Richard A (CHIEF INFORMATION OFFICER) | Sell | 1,796.00 | 58.70 | Common Stock |
| 2026-02-13 | Duran Richard A (CHIEF INFORMATION OFFICER) | Sell | 1,048.00 | 58.70 | Common Stock |
| 2026-02-13 | Evancho Lesley (CHIEF HUMAN RESOURCES OFFICER) | Sell | 1,857.00 | 58.70 | Common Stock |
| 2026-02-13 | Evancho Lesley (CHIEF HUMAN RESOURCES OFFICER) | Sell | 1,187.00 | 58.70 | Common Stock |
| 2026-02-13 | Fenton Sarah (EVP UPSTREAM) | Sell | 1,189.00 | 58.70 | Common Stock |
| 2026-02-13 | Fenton Sarah (EVP UPSTREAM) | Sell | 927.00 | 58.70 | Common Stock |
| 2026-02-13 | Bolen J.E.B. (EVP OPERATIONS) | Sell | 1,140.00 | 58.70 | Common Stock |
| 2026-02-13 | Bolen J.E.B. (EVP OPERATIONS) | Sell | 885.00 | 58.70 | Common Stock |




