Chord Energy (CHRD) CEO has 1,353 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chord Energy Corp President and CEO Daniel E. Brown reported a tax-related share disposition. In connection with the vesting of restricted stock units under the 2020 Long Term Incentive Plan, the company withheld 1,353 shares of common stock, using a reference price of $104.99 per share, to cover his tax withholding obligations. Following this tax-withholding disposition, Brown directly owns 192,363 shares of Chord Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown Daniel E
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,353 | $104.99 | $142K |
Holdings After Transaction:
Common Stock — 192,363 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Chord Energy (CHRD) report for Daniel E. Brown?
Chord Energy reported a tax-withholding disposition for CEO Daniel E. Brown. The company withheld common shares that would otherwise have been issued upon restricted stock unit vesting to satisfy his tax withholding obligations under the 2020 Long Term Incentive Plan.
Was the Chord Energy (CHRD) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition, where Chord Energy withheld shares that would have been issued upon restricted stock unit vesting to satisfy Daniel E. Brown’s tax withholding obligations.
What does transaction code F mean in the Chord Energy (CHRD) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Chord Energy withheld vested shares of common stock instead of issuing them to Daniel E. Brown to cover his tax withholding obligations.