Form 4: Chord Energy Corp Executive Sells Shares to Cover Tax Obligations

Chord Energy Corp's EVP, CSO, and CCO, Michael H. Lou, sold 37,014 shares to cover tax obligations related to vesting performance share units.

Summary

• Michael H. Lou, an executive at Chord Energy Corp, sold 37,014 shares of common stock on January 15, 2025.
• The sale was executed to cover tax withholding obligations related to the vesting of performance share units.
• The shares were sold at a price of $126.7 per share.
• Following the transaction, Mr. Lou beneficially owns 85,429 shares of Chord Energy Corp.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold and the price are specific to Chord Energy Corp and its compensation structure.
• Similar transactions are regularly reported by executives in other energy companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Chord Energy Corp, stock sale, insider trading, executive compensation, performance share units, tax withholding, CHRD