Form 4: Chord Energy Officer Sells Shares for Tax Obligations

Chord Energy's SVP & Chief Accounting Officer, Lara J Kroll, disposed of 193 shares of common stock to cover tax liabilities from RSU vesting.

Summary

• Lara J Kroll, SVP & Chief Accounting Officer of Chord Energy Corp (CHRD), reported a disposition of common stock.
• The transaction involved 193 shares of common stock, disposed of on February 20, 2026.
• The shares were disposed of at a price of $104.99 per share.
• This disposition was in connection with the vesting and settlement of restricted stock units (RSUs) under the Issuer's 2020 Long Term Incentive Plan.
• The shares were withheld by the Issuer to satisfy Ms. Kroll's tax withholding obligations.
• The number of shares withheld was determined based on the closing price of Common Stock on February 19, 2026.
• Following this transaction, Ms. Kroll beneficially owns 13,921 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a standard procedure for covering tax liabilities upon RSU vesting and does not indicate a change in company fundamentals or insider sentiment.

Future Outlook

N/A

Industry Context

StockSavvy.ai notes that Form 4 filings detailing insider transactions, particularly those related to tax withholdings from RSU vesting, are routine occurrences across the energy sector and broader market. These transactions are typically administrative and do not reflect a change in management's outlook on the company's performance or strategic direction.

Comparison to Industry Standards

• This Form 4 filing details a routine insider transaction for tax withholding purposes, which does not involve company performance metrics or strategic initiatives that would typically be compared against industry standards or specific competitor projects like ExxonMobil's Permian Basin output or Chevron's renewable energy investments. Such transactions are common across all publicly traded companies when restricted stock units vest.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes by an insider, not indicative of a change in investment thesis.
• Employees: No direct impact on the broader employee base, as this relates to an individual executive's compensation and tax obligations.

Key Dates

Keywords

Chord Energy Corp, CHRD, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock, Officer Stock Sale