Chord Energy (CHRD) CFO receives RSUs, performance and market stock units
Rhea-AI Filing Summary
Chord Energy Corp EVP, CFO and Treasurer Richard N. Robuck reported routine equity compensation and a tax withholding share transaction. On January 22, 2026, the company withheld 1,044 shares of common stock at $95.17 per share to cover taxes tied to vesting restricted stock units, leaving him with 23,585 common shares directly owned afterward. On January 23, 2026, he received an annual grant of 11,076 restricted stock units, increasing his directly owned common stock to 34,661 shares upon settlement.
He was also granted 3,461 target performance share units and 2,769 target market stock units as part of his ordinary-course long-term incentive package. These derivative awards can convert into common shares over a three-year period starting January 1, 2026, based on the company’s total shareholder return, with any performance awards above the target level paid in cash rather than stock. Following these awards, he directly held 7,819 performance share units and 10,588 market stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 3,461 | $0.00 | -- |
| Grant/Award | Performance Share Units | 2,769 | $0.00 | -- |
| Grant/Award | Common Stock | 11,076 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,044 | $95.17 | $99K |
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 his 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 11,076 Restricted Stock Units by the Issuer as part of his 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 3,461 target Performance Share Units ("Target Performance Units") by the Issuer as part of his 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 2,769 target Market Stock Units ("Target MSUs") by the Issuer as part of his 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 insider transactions did Chord Energy (CHRD) EVP & CFO report on this Form 4?
EVP, CFO and Treasurer Richard N. Robuck reported two common stock transactions and two derivative grants. On January 22, 2026, 1,044 common shares were withheld at $95.17 to cover taxes on vesting restricted stock units. On January 23, 2026, he received an annual grant of 11,076 restricted stock units, plus 3,461 target performance share units and 2,769 target market stock units under the long-term incentive plan.
What are the details of the restricted stock unit grant to the Chord Energy (CHRD) CFO?
On January 23, 2026, the reporting person was granted 11,076 restricted stock units as part of his ordinary-course annual compensation under Chord Energy’s long-term incentive plan. Each restricted stock unit represents a contingent right to receive one share of common stock, subject to the plan’s vesting terms.
What are the market stock units granted to the Chord Energy (CHRD) CFO?
He was granted 2,769 target market stock units. Each unit can convert into common shares equal to the target amount multiplied by a factor tied to cumulative total shareholder return over a three-year period beginning January 1, 2026. The number of market stock units earned cannot exceed 200% of the target amount.