Chord Energy Corp (CHRD) EVP reports 2,609-share tax withholding event
Rhea-AI Filing Summary
Chord Energy Corp executive Shannon Browning Kinney, EVP, CAO, GC & Corporate Secretary, reported a tax-withholding disposition of 2,609 shares of common stock on 2026-08-01. The shares were withheld upon RSU vesting using the $140.38 closing price, leaving her with 17,579 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,609 shares
Net Sell
1 txn
Insider
Kinney Shannon Browning
Role
EVP, CAO, GC & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,609 | $140.38 | $366K |
Holdings After Transaction:
Common Stock — 17,579 shares (Direct)
Footnotes (1)
- F1. In connection with the vesting and settlement of restricted stock units through the issuance of Issuer's common stock, par value $0.01 per share ("Common Stock") pursuant to the Issuer's 2020 Long Term Incentive Plan, the Issuer withheld Common Stock that would otherwise have been issued to the Reporting Person to satisfy her tax withholding obligations. The number of shares of Common Stock withheld was determined based on the closing price per share of Common stock on July 31, 2026.
Key Figures
Shares withheld for taxes: 2,609 shares
Reference share price: $140.38 per share
Shares held after transaction: 17,579 shares
3 metrics
Shares withheld for taxes
2,609 shares
Common stock withheld on 2026-08-01 to satisfy tax obligations on RSU vesting
Reference share price
$140.38 per share
Closing price on July 31, 2026 used to determine number of shares withheld
Shares held after transaction
17,579 shares
Direct ownership of Chord Energy common stock following the tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, 2020 Long Term Incentive Plan
3 terms
restricted stock units financial
"In connection with the vesting and settlement of restricted stock units through the issuance"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld Common Stock that would otherwise have been issued to satisfy her tax withholding obligations"
2020 Long Term Incentive Plan financial
"pursuant to the Issuer's 2020 Long Term Incentive Plan, the Issuer withheld Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CHRD executive Shannon Browning Kinney report in this Form 4 filing?
She reported a tax-withholding disposition of 2,609 shares of Chord Energy common stock. The shares were withheld upon restricted stock unit vesting to satisfy tax obligations, rather than sold in the open market, and relate to equity granted under a long-term incentive plan.
What was the nature of the equity event behind the CHRD insider’s tax-withholding transaction?
The transaction was tied to the vesting and settlement of restricted stock units into Chord Energy common stock. Upon vesting, the company issued shares and simultaneously withheld a portion to satisfy Shannon Browning Kinney’s associated tax withholding obligations.
Under which plan were Shannon Browning Kinney’s CHRD restricted stock units granted?
The restricted stock units were granted pursuant to Chord Energy’s 2020 Long Term Incentive Plan. When these units vested and settled into common stock, the issuer withheld 2,609 shares to cover tax obligations, as disclosed in the Form 4 footnote.