Form 4: Chord Energy Exec Sells Shares for Tax Obligations

Chord Energy's EVP, CSO, and CCO, Michael H. Lou, disposed of 1,550 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Michael H. Lou, Executive Vice President, Chief Strategy Officer, and Chief Commercial Officer of Chord Energy Corp., disposed of 1,550 shares of the company's common stock.
• The transaction occurred on January 1, 2026, and was executed at a price of $92.7 per share.
• This disposition was made to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units (RSUs) issued under the Issuer's 2020 Long Term Incentive Plan.
• The number of shares withheld was determined based on the closing price per share of common stock on December 31, 2025.
• Following this transaction, Mr. Lou beneficially owns 87,616 shares of Chord Energy common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon RSU vesting, which is a neutral event for the company's operational or financial performance and does not indicate a change in management's outlook or investment in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies with equity incentive plans. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary tax-related transaction, not a discretionary sale by the executive.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by an executive to cover tax obligations related to RSU vesting. It does not reflect a change in the executive's investment conviction or the company's fundamentals, thus it provides no new information to alter an existing investment thesis. A 'hold' recommendation is appropriate as this event is neutral to the stock's valuation.

Keywords

Chord Energy, CHRD, Form 4, insider transaction, stock sale, RSU vesting, tax withholding, executive compensation