Form 4: Chord Energy COO Sells Shares for Tax Obligations

Chord Energy's EVP and COO, Darrin J. Henke, disposed of 642 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, reported a disposition of common stock.
• The transaction involved 642 shares of Common Stock, disposed of on February 20, 2026.
• The shares were disposed of at a price of $104.99 per share.
• This disposition was in connection with the vesting and settlement of restricted stock units (RSUs) under the Issuer's 2020 Long Term Incentive Plan.
• The shares were withheld by the Issuer to satisfy Mr. Henke's tax withholding obligations.
• Following this transaction, Mr. Henke beneficially owns 22,433 shares of Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard executive compensation-related tax withholding rather than a discretionary sale or a reflection of company performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as sales for tax withholding upon restricted stock unit (RSU) vesting, are common across industries and typically do not signal a change in management's outlook on the company's fundamentals. This is a standard practice for executive compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in executive confidence or company fundamentals.

Key Dates

Recommendation

The transaction reported is a routine disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock units. This is a common and non-discretionary event in executive compensation and does not reflect a change in the company's fundamental outlook or the executive's confidence. Therefore, it does not provide a basis for altering an existing investment thesis, leading to a 'hold' recommendation based solely on this filing.

Keywords

Chord Energy, CHRD, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation