Form 4: Chord Energy Corp Executive Lou Michael H Transfers Warrants to Donor Advised Fund
SEC Form 4 Filing
EVP, CSO, and CCO of Chord Energy Corp, Lou Michael H, reports gifting warrants to a donor advised fund in a recent SEC Form 4 filing.
Summary
- On September 6, 2024, Lou Michael H, EVP, CSO, and CCO of Chord Energy Corp, filed a Form 4 with the SEC.
- The filing reports the transfer of 557 warrants to purchase shares of Chord Energy Corp's common stock to a donor advised fund.
- These warrants, originally issued on November 19, 2020, as part of the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis (Chord Energy's predecessor), are exercisable until November 19, 2024.
- The exercise price of each warrant is $75.57.
- The filing also corrects a previous error in the number of target performance units granted to Lou Michael H on February 20, 2024, which was incorrectly reported as 3,881 and is now accurately reflected as 1,940.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing a transfer of warrants and a correction of a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transfer of warrants to a donor advised fund may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 11/19/2020 | Effective date of the Joint Prepackaged Chapter 11 Plan of Reorganization of Oasis (Chord Energy's predecessor), when the warrants were originally issued. |
| 02/20/2024 | Date of grant of performance share units to the Reporting Person. |
| 02/22/2024 | Date of original Form 4 filing that incorrectly reported the number of performance share units. |
| 09/06/2024 | Date of the transaction (transfer of warrants) and filing of the Form 4. |
| 11/19/2024 | Expiration date of the warrants. |
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