Form 4: Chord Energy Exec's Stock Transaction for Tax Withholding

Shannon Browning Kinney, EVP at Chord Energy Corp, had 2,608 shares withheld to cover tax obligations from restricted stock unit vesting.

Summary

• Shannon Browning Kinney, Executive Vice President, Chief Administrative Officer, General Counsel & Corporate Secretary of Chord Energy Corp (CHRD), reported a transaction on August 1, 2025.
• The transaction involved the disposition of 2,608 shares of Chord Energy Common Stock.
• These shares were withheld by the Issuer to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs) under the company's 2020 Long Term Incentive Plan.
• The value of the shares withheld was determined based on the closing price of Common Stock on July 31, 2025, which was $110.33 per share.
• Following this transaction, Shannon Browning Kinney beneficially owns 18,669 shares of Chord Energy Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the withholding of shares for tax purposes upon RSU vesting, which is a standard compensation event and does not indicate positive or negative operational performance or strategic shifts.

Positives

• The transaction indicates the vesting of restricted stock units, which is a positive for the executive as it represents earned compensation becoming available.
• It is a routine and expected event related to executive compensation plans.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation, which is a common practice across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics.

Related Party Transactions

• The transaction is a routine related-party dealing between the company and an executive for compensation-related tax withholding.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine compensation event involving a small number of shares relative to the total outstanding, primarily for tax purposes related to vested executive compensation.
• Employees: No direct impact on the broader employee base beyond the executive involved.
• Customers, Suppliers, Creditors: No direct impact.

Key Dates

Keywords

Chord Energy, CHRD, SEC Form 4, insider transaction, executive compensation, restricted stock units, RSU vesting, tax withholding, Shannon Browning Kinney