Form 4: Chord Energy COO Sells Shares for Tax Obligations

Chord Energy's EVP and COO, Darrin J. Henke, disposed of 215 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Darrin J. Henke, Executive Vice President and Chief Operating Officer of Chord Energy Corp (CHRD), reported a transaction involving the company's common stock.
• On February 1, 2026, 215 shares of common stock were disposed of at a price of $100.24 per share.
• This disposition was classified as a 'payment of tax liability by delivering or withholding securities' (Transaction Code F).
• The shares were withheld by Chord Energy to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units (RSUs) granted under the Issuer's 2020 Long Term Incentive Plan.
• Following this transaction, Mr. Henke directly beneficially owns 23,075 shares of Chord Energy common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine, non-discretionary transaction related to executive compensation. The underlying RSU vesting is a positive event for the executive, though the share disposition for tax is neutral.

Positives

• The underlying event, the vesting of restricted stock units, indicates the executive met performance or tenure conditions, which is generally a positive sign for executive compensation plans.

Negatives

• A reduction of 215 shares from the reporting person's direct beneficial ownership.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership changes. This specific transaction, related to RSU vesting and tax withholding, is a common occurrence in executive compensation plans across various industries, particularly in the energy sector where long-term incentives are prevalent.

Comparison to Industry Standards

• This is a routine tax-related disposition of shares following RSU vesting, which is a standard practice for executive compensation across publicly traded companies. No specific comparable companies, projects, or results are detailed in the filing to provide further comparison.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership changes. The reduction in direct ownership is minimal and for a routine tax purpose.
• Employees: No direct impact beyond the reporting person.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically signal a change in the company's fundamentals or the executive's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Chord Energy, CHRD, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Tax Withholding, Darrin J. Henke