Chord Energy (CHRD) director granted 2,134 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CUNNINGHAM SUSAN M reported acquisition or exercise transactions in this Form 4 filing.
Chord Energy Corp director Susan M. Cunningham received an equity award in the form of restricted stock units. She was granted 2,134 RSUs that may be settled into an equal number of Chord Energy common shares on a one-for-one basis. The RSUs vest on April 29, 2027, provided she continues to provide services to the company through that date. Following this grant, her directly held common stock position reported in this filing is 16,575 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CUNNINGHAM SUSAN M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,134 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,575 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,134 units
Post-grant holdings: 16,575 shares
Vesting date: April 29, 2027
3 metrics
RSU grant size
2,134 units
Restricted stock units granted to director on April 29, 2026
Post-grant holdings
16,575 shares
Chord Energy common stock directly held after the transaction
Vesting date
April 29, 2027
RSUs vest if services continue through this date
Key Terms
restricted stock units, vest, Form 4
3 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs") granted to the Reporting Person"
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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Chord Energy (CHRD) report for Susan M. Cunningham?
Chord Energy reported that director Susan M. Cunningham received an award of 2,134 restricted stock units. These RSUs are a form of equity compensation and may be settled into an equal number of common shares, aligning her interests more closely with shareholders over time.
When do Susan M. Cunningham’s Chord Energy (CHRD) RSUs vest?
Susan M. Cunningham’s 2,134 restricted stock units vest on April 29, 2027. Vesting is contingent on her continuously providing services to Chord Energy through that vesting date, which is a standard retention feature of long-term equity compensation plans.
What does a restricted stock unit (RSU) grant mean for Chord Energy (CHRD) insiders?
A restricted stock unit grant gives an insider the right to receive shares in the future if conditions are met. For Chord Energy, Susan M. Cunningham’s 2,134 RSUs will settle into shares only upon vesting, supporting long-term alignment with company performance and service.