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

Chord Energy Corp's EVP, CFO, and Treasurer, Richard N. Robuck, sold 11,765 shares of common stock to cover tax obligations related to vesting performance share units.

Summary

• Richard N. Robuck, EVP, CFO, and Treasurer of Chord Energy Corp, sold 11,765 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, Robuck directly owns 19,263 shares of Chord Energy Corp common stock.

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

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax obligations. This transaction is typical for executives receiving equity-based compensation.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• The transaction is consistent with typical compensation structures that include performance-based equity awards.
• Similar transactions are regularly reported by executives at comparable companies in the energy sector.

Stakeholder Impact

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

Key Dates

Keywords

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