Form 4: Chord Energy CEO Sells Shares for Tax Obligations
Insider Transaction Report
Chord Energy Corp's President and CEO, Daniel E. Brown, disposed of 2,996 shares of common stock on January 1, 2026, to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Daniel E. Brown, President and CEO, and a Director of Chord Energy Corp (CHRD), reported a transaction on January 1, 2026.
- The transaction involved the disposition of 2,996 shares of Chord Energy Corp Common Stock.
- This disposition was made to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units.
- The shares were withheld by the Issuer pursuant to its 2020 Long Term Incentive Plan.
- The price per share for the disposition was $92.7, determined by the closing price on December 31, 2025.
- Following this transaction, Daniel E. Brown beneficially owns 174,672 shares of Common Stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine tax withholding event related to the vesting of restricted stock units, which is a common occurrence for executives receiving equity compensation. It is not indicative of management's sentiment towards the company's future prospects, nor does it represent a discretionary sale or purchase.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for executives receiving equity-based compensation. It does not reflect specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not signaling a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Closing price per share of Common Stock used to determine the number of shares withheld for tax obligations. |
| 01/01/2026 | Date of transaction where shares were disposed of for tax withholding. |
| 01/05/2026 | Date the Form 4 was signed. |
Keywords
Chord Energy Corp, CHRD, Daniel E. Brown, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation
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