Chord Energy (CHRD) director granted 1,524 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCarthy Kevin S reported acquisition or exercise transactions in this Form 4 filing.
Chord Energy Corp director Kevin S. McCarthy reported an equity grant of 1,524 restricted stock units (RSUs) tied to the company’s common stock. These RSUs may be settled only in shares of common stock on a one-for-one basis.
The RSUs are scheduled to vest on April 29, 2027, contingent on McCarthy’s continued service to Chord Energy through that date. Following this grant, he directly holds 22,047 shares of common stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCarthy Kevin S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,524 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,047 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,524 RSUs
Post-grant holdings: 22,047 shares
Vesting date: April 29, 2027
3 metrics
RSU grant size
1,524 RSUs
Restricted stock units granted to director Kevin S. McCarthy
Post-grant holdings
22,047 shares
Common stock directly held after the reported transaction
Vesting date
April 29, 2027
RSUs vest if service to issuer continues through this date
Key Terms
restricted stock units ("RSUs"), vest, common stock
3 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.
common stock financial
"may be settled only for shares of common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Kevin S. McCarthy report for Chord Energy (CHRD)?
Kevin S. McCarthy reported receiving an award of 1,524 restricted stock units in Chord Energy. These RSUs may be settled only in common stock on a one-for-one basis, increasing his direct holdings to 22,047 shares after the grant.
When do Kevin S. McCarthy’s newly granted Chord Energy RSUs vest?
The 1,524 restricted stock units granted to Kevin S. McCarthy vest on April 29, 2027. Vesting requires that he continuously provide services to Chord Energy through that date, aligning the award with ongoing board service and long-term company performance.
What type of equity award did Chord Energy grant to director Kevin S. McCarthy?
Chord Energy granted Kevin S. McCarthy an award of 1,524 restricted stock units. Each RSU may be settled only for one share of common stock, providing stock-based compensation that is tied to future service and the company’s share value over time.
What conditions apply to the RSUs granted to Kevin S. McCarthy at Chord Energy?
The RSUs granted to Kevin S. McCarthy vest only if he continuously provides services to Chord Energy through April 29, 2027. They are settled solely in common stock on a one-for-one basis, directly linking the award to the company’s equity.