Chord Energy (CHRD) awards EVP stock, RSUs and performance units
Rhea-AI Filing Summary
Chord Energy Corp executive Kinney Shannon Browning reported routine equity compensation and related tax withholding transactions. On 01/22/2026, 794 shares of common stock were withheld at $95.17 per share to cover taxes tied to restricted stock unit vesting, leaving 13,856 shares directly held.
On 01/23/2026, she received 8,642 restricted stock units as part of her annual compensation, each representing one share of common stock, increasing her direct common stock balance to 22,498 shares upon grant settlement. She was also granted 2,700 target Performance Share Units and 2,160 target Market Stock Units, each tied to total shareholder return over a three-year period beginning January 1, 2026, with potential payouts up to 200% of target, subject to plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 2,700 | $0.00 | -- |
| Grant/Award | Performance Share Units | 2,160 | $0.00 | -- |
| Grant/Award | Common Stock | 8,642 | $0.00 | -- |
| Tax Withholding | Common Stock | 794 | $95.17 | $76K |
Footnotes (1)
- 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 January 21, 2026. The Reporting Person was granted 8,642 Restricted Stock Units by the Issuer as part of her ordinary course annual compensation package pursuant to the Issuer's LTIP. Each Restricted Stock Unit represents a contingent right to receive one share Common Stock. The Reporting Person was granted 2,700 target Performance Share Units ("Target Performance Units") by the Issuer as part of her ordinary course annual compensation package pursuant to the LTIP. Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 200% of Target Performance Units ("Earned Performance Units"), depending on the Company's total shareholder return ("TSR") over a three-year measurement period beginning January 1, 2026. However, if the number of Earned Performance Units exceeds the number of Target Performance Units, then such excess will be settled in cash rather than Common Stock. The Reporting Person was granted 2,160 target Market Stock Units ("Target MSUs") by the Issuer as part of her ordinary course annual compensation package pursuant to the LTIP. Each Market Stock Unit represents a contingent right to receive a number of shares of Common Stock equal to the Target MSUs multiplied by a factor reflecting the cumulative TSR over a three-year period beginning January 1, 2026, which factor is based on the Company's ending stock price plus cumulative dividends paid for such period divided by the Company's beginning stock price for such period. The number of Market Stock Units earned by Reporting person shall not exceed 200% of the Target MSUs.
FAQ
What did Chord Energy (CHRD) report in this Form 4 for Kinney Shannon Browning?
The filing shows EVP, CAO, GC & Corp Secretary Kinney Shannon Browning had shares withheld to cover taxes from vesting restricted stock units and received new equity awards, including restricted stock units, Performance Share Units, and Market Stock Units as part of her annual compensation.
What new restricted stock units did Kinney Shannon Browning receive from Chord Energy (CHRD)?
On 01/23/2026, she was granted 8,642 Restricted Stock Units under Chord Energy's long-term incentive plan. Each unit represents a contingent right to receive one share of common stock as it vests according to plan terms.
What are the Market Stock Units reported for Chord Energy (CHRD) in this insider filing?
The filing reports a grant of 2,160 target Market Stock Units on 01/23/2026. Each unit entitles the executive to a number of common shares equal to the target units multiplied by a factor tied to cumulative total shareholder return over a three-year period beginning January 1, 2026, capped at 200% of the target.