Chord Energy (CHRD) director receives 1,524 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dundas Ian C reported acquisition or exercise transactions in this Form 4 filing.
Chord Energy Corp director Ian C. Dundas received an award of 1,524 restricted stock units, which may be settled in common stock on a one-for-one basis. These RSUs vest on April 29, 2027, subject to his continued service. Following this grant, he directly holds 73,735 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dundas Ian C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,524 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 73,735 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 1,524 units
Vesting date: April 29, 2027
Shares held after grant: 73,735 shares
+1 more
4 metrics
RSU grant size
1,524 units
Restricted stock units granted to Ian C. Dundas
Vesting date
April 29, 2027
RSUs vest if service continues through this date
Shares held after grant
73,735 shares
Total Chord Energy common stock directly held post-transaction
Grant price per share
$0.00
Compensation grant, not an open-market purchase
Key Terms
restricted stock units ("RSUs"), vest, common stock
3 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.
common stock financial
"may be settled only for shares of common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Chord Energy (CHRD) director Ian C. Dundas report on this Form 4?
Ian C. Dundas reported receiving 1,524 restricted stock units as compensation. These RSUs are a stock-based award that may be settled in Chord Energy common shares on a one-for-one basis, increasing his direct equity-based stake in the company.
When do Ian C. Dundas’s 1,524 Chord Energy RSUs vest?
The 1,524 restricted stock units granted to Ian C. Dundas vest on April 29, 2027. Vesting requires that he continuously provide services to Chord Energy through that date, aligning the award with long-term company performance and board tenure.
Was the Chord Energy RSU grant to Ian C. Dundas a market purchase or sale?
The RSU grant was not a market purchase or sale; it was a compensation-related award recorded at a zero dollar price per unit. Such awards typically reflect board or executive pay decisions rather than discretionary trading in the open market.