Chord Energy (CHRD) Officer Disposes of 1,000 Shares; Ownership Now 17,669
Rhea-AI Filing Summary
Kinney Shannon Browning, who serves as EVP, CAO, GC & Corporate Secretary of Chord Energy Corp (CHRD), reported a sale of 1,000 shares of common stock on 08/14/2025 at a price of $101.64 per share. Following the transaction the reporting person beneficially owned 17,669 shares. The Form 4 was signed via attorney-in-fact on 08/15/2025.
Positive
- Form 4 filing completed showing compliance with Section 16 reporting requirements
- Transaction is a single non-derivative sale with clear price and share counts disclosed
Negative
- Insider sold 1,000 shares which reduced direct beneficial ownership to 17,669 shares
- No indication in the filing that the sale was made pursuant to a 10b5-1 plan
Insights
TL;DR: Insider sale of 1,000 shares disclosed; size and timing appear routine based on the filing.
The filing documents a direct sale of 1,000 CHRD shares at $101.64, reducing beneficial ownership to 17,669 shares. This is a clear, routine Section 16 disclosure showing a disposition by a senior officer. No derivative transactions or additional complexities are reported in the Form 4.
TL;DR: Disclosure complies with Section 16 reporting; sale executed and reported through attorney-in-fact.
The Form 4 is properly completed for a single non-derivative sale and is signed by an attorney-in-fact on behalf of the reporting person. The document shows direct ownership remaining after the sale and contains no amendments or supplemental schedules. No indications of rule 10b5-1 reliance are checked.
FAQ
Who filed the Form 4 for CHRD?
What transaction is reported on this CHRD Form 4?
How many CHRD shares does the reporting person own after the sale?
Was the sale part of a 10b5-1 trading plan according to the filing?
When was the Form 4 signed?