Form 4: Chord Energy Corp Executive Richard N. Robuck Reports Stock Transaction

Chord Energy Corp's EVP, CFO, and Treasurer, Richard N. Robuck, had 4,950 shares of common stock withheld to cover tax obligations related to vesting performance share units.

Summary

• Richard N. Robuck, EVP, CFO and Treasurer of Chord Energy Corp, had 4,950 shares of common stock withheld by the company on December 31, 2024.
• This withholding was to cover tax obligations related to the vesting of performance share units under the company's 2020 Long Term Incentive Plan.
• The number of shares withheld was calculated based on the closing price of Chord Energy's common stock on December 30, 2024, which was $113.88 per share.
• Following this transaction, Robuck directly owns 31,028 shares of Chord Energy Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a standard practice and expected.

Industry Context

This is a routine transaction related to executive compensation and is common practice for companies with equity-based incentive plans.

Comparison to Industry Standards

• The use of performance share units and withholding shares for tax obligations is a standard practice in executive compensation across the energy industry.
• Many companies, such as EOG Resources and Pioneer Natural Resources, use similar methods for equity-based compensation.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares, but is not expected to significantly affect shareholders.
• The transaction is part of the company's compensation plan for executives.

Key Dates

Keywords

Chord Energy Corp, Richard N. Robuck, stock transaction, performance share units, tax withholding, executive compensation, Form 4