Form 4: Chord Energy CEO Daniel Brown Reports Stock Disposals to Cover Tax Obligations

Daniel Brown, President and CEO of Chord Energy Corp, disposed of shares to cover tax withholding obligations related to the vesting of restricted stock units and performance share units.

Summary

• Daniel Brown, the President and CEO of Chord Energy Corp, filed a Form 4 detailing changes in beneficial ownership.
• On April 13, 2025, 7,001 shares of common stock were disposed of to cover tax obligations related to the vesting of restricted stock units at a price of $89.34 per share.
• On April 15, 2025, 71,680 shares of common stock were disposed of to cover tax obligations related to the vesting of performance share units at a price of $88.52 per share.
• Following these transactions, Brown directly owns 177,668 shares of Chord Energy Corp.
• The disposals were made to satisfy tax withholding obligations related to the vesting of equity awards under the company's 2020 Long Term Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It reflects the standard practice of executives managing their equity compensation.

Stakeholder Impact

• The stock disposals could have a minor, temporary impact on the stock price due to increased selling pressure.
• The transactions ensure the executive remains compliant with tax regulations.

Key Dates

Keywords

Form 4, Chord Energy Corp, Daniel Brown, Stock Disposal, Tax Withholding, Restricted Stock Units, Performance Share Units, Beneficial Ownership, CHRD