Form 4: Chord Energy Corp Director Exercises Warrants and Disposes of Shares
SEC Form 4 Filing
Director Douglas E. Brooks exercised warrants to purchase three shares of Chord Energy Corp common stock and disposed of two shares to cover the exercise price.
Summary
- On September 10, 2024, Douglas E. Brooks, a director of Chord Energy Corp, exercised warrants to purchase three shares of common stock at $75.57 per share.
- The exercise was conducted on a cashless basis, resulting in the Issuer withholding two shares to cover the exercise price.
- Brooks received one share and $59.65 in lieu of a fractional share.
- Following the transaction, Brooks beneficially owns 25,268 shares, which includes shares acquired through regular reinvestment of dividends.
Sentiment
Score: 5
Explanation: The document describes a routine transaction. It is neither particularly positive nor negative.
Industry Context
This filing reflects routine transactions by a company insider and provides transparency regarding their holdings in Chord Energy Corp.
Key Dates
| Date | Description |
|---|---|
| 11/19/2020 | Date Warrants were issued |
| 09/10/2024 | Date of warrant exercise and share disposal |
| 09/12/2024 | Date of signature on the Form 4 filing |
| 11/19/2024 | Expiration date of the Warrants |
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