Chord Energy (CHRD) director awarded 1,524 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brooks Douglas E reported acquisition or exercise transactions in this Form 4 filing.
Chord Energy Corp director Douglas E. Brooks received an equity award in the form of restricted stock units. He was granted 1,524 RSUs that are settled on a one-for-one basis in common stock. These RSUs vest on April 29, 2027, if he continues providing services to the company through that date. Following this award, he directly holds 26,705 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brooks Douglas E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,524 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,705 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,524 units
Vesting date: April 29, 2027
Shares owned after grant: 26,705 shares
3 metrics
RSUs granted
1,524 units
Award of restricted stock units to director on April 29, 2026
Vesting date
April 29, 2027
RSUs vest if continuous service is maintained through this date
Shares owned after grant
26,705 shares
Director’s direct common stock holdings following the RSU award
Key Terms
restricted stock units ("RSUs"), vest, one-for-one basis, continuously provides services
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") granted to the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The RSUs will vest on April 29, 2027, so long as the Reporting Person continuously provides services"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"may be settled only for shares of common stock on a one-for-one basis"
continuously provides services financial
"so long as the Reporting Person continuously provides services to the Issuer through such vesting date"
FAQ
What insider transaction did Chord Energy (CHRD) report for Douglas E. Brooks?
Chord Energy reported that director Douglas E. Brooks received an award of 1,524 restricted stock units. These RSUs are a form of equity compensation that may be settled in common stock on a one-for-one basis, increasing his potential future ownership.
Are the Chord Energy (CHRD) RSUs granted to Douglas E. Brooks immediately vested?
No, the 1,524 RSUs granted to Douglas E. Brooks are not immediately vested. They will vest on April 29, 2027, provided he continuously provides services to Chord Energy through that vesting date, aligning the award with ongoing board service.
What type of security was granted to Douglas E. Brooks by Chord Energy (CHRD)?
Chord Energy granted Douglas E. Brooks restricted stock units, or RSUs, that may be settled only for shares of common stock on a one-for-one basis. RSUs are a common form of equity compensation for directors and executives.