Chord Energy (CHRD) grants director Ward Polzin 1,524 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chord Energy Corp director Ward Polzin received an equity award. He acquired 1,524 shares of common stock through a grant of restricted stock units (RSUs) at a stated price of $0.00 per share. After this grant, he directly holds 4,412 shares.
The footnote explains that these RSUs may be settled only for common stock on a one-for-one basis and will vest on April 29, 2027, as long as he continues providing services to Chord Energy through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Polzin Ward
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,524 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,412 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 1,524 shares
Price per share: $0.00 per share
Holdings after grant: 4,412 shares
+1 more
4 metrics
RSU grant size
1,524 shares
Restricted stock units granted to Ward Polzin
Price per share
$0.00 per share
Stated transaction price for RSU award
Holdings after grant
4,412 shares
Total Chord Energy common shares held directly after transaction
Vesting date
April 29, 2027
RSUs vest if continuous service is maintained
Key Terms
restricted stock units ("RSUs"), vest, one-for-one basis, continuous service
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") granted to the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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.
one-for-one basis financial
"may be settled only for shares of common stock on a one-for-one basis"
continuous service financial
"so long as the Reporting Person continuously provides services to the Issuer through such vesting date"
FAQ
What did Chord Energy (CHRD) director Ward Polzin report on this Form 4?
Ward Polzin reported receiving 1,524 restricted stock units (RSUs) that may be settled in common shares. The RSUs were granted at a stated price of $0.00 per share, increasing his direct holdings to 4,412 Chord Energy common shares after the award.
When do Ward Polzin’s Chord Energy RSUs reported on this Form 4 vest?
The restricted stock units granted to Ward Polzin vest on April 29, 2027. Vesting is conditioned on his continuous service to Chord Energy through that date, meaning he must remain in a qualifying role until then for the RSUs to fully vest.
What type of transaction is reported for Chord Energy director Ward Polzin?
The transaction is a grant or award acquisition of restricted stock units, coded as “A” on Form 4. It represents compensation in equity, not an open-market buy or sale, and therefore carries different implications than discretionary trading activity by an insider.
Do Ward Polzin’s Chord Energy RSUs convert into common stock on a fixed basis?
Yes. The footnote states the RSUs may be settled only for shares of Chord Energy common stock on a one-for-one basis. Each unit corresponds to one share, aligning the value of the award directly with the company’s common stock performance over time.