Form 4: Chord Energy Corp Executive Sells Shares and Corrects Previous Filing

A Chord Energy Corp executive, Shannon Browning Kinney, sold 1,000 shares of common stock and corrected a previous filing regarding performance share units.

Summary

• Shannon Browning Kinney, an executive at Chord Energy Corp, sold 1,000 shares of common stock on December 9, 2024, at a price of $121.27 per share.
• Following the transaction, Ms. Kinney directly owns 20,488 shares of Chord Energy Corp common stock.
• The filing also corrects a previous error in the number of performance share units granted to Ms. Kinney on February 20, 2024.
• The correct number of target performance units is 1,455, not the previously reported 2,911.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock sale and a correction, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares by an executive is a common occurrence and does not necessarily indicate a negative outlook for the company.
• The correction of a previous filing is also not unusual and demonstrates a commitment to accurate reporting.

Key Dates

Keywords

Chord Energy Corp, insider trading, SEC Form 4, stock sale, performance share units, executive compensation, Shannon Browning Kinney