4//SEC Filing
Brown Daniel E 4
Accession 0000899243-22-025584
CIK 0001486159other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:51 PM ET
Size
20.3 KB
Accession
0000899243-22-025584
Insider Transaction Report
Form 4
Brown Daniel E
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Performance Share Units
2022-07-01−37,292→ 0 total→ Common Stock (37,292 underlying) - Exercise/Conversion
Common Stock
2022-07-01+74,584→ 114,233 total - Exercise/Conversion
Performance Share Units
2022-07-01−37,292→ 37,292 total→ Common Stock (37,292 underlying) - Award
Common Stock
2022-07-01+208,954→ 323,187 total
Footnotes (5)
- [F1]As a result of the merger (the "Merger") between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting") contemplated by that certain Agreement and Plan of Merger, dated as of March 7, 2022, by and among Oasis, Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Oasis, New Ohm LLC, a Delaware limited liability company and a wholly owned subsidiary of Oasis, and Whiting (the "Merger Agreement"), the performance period associated with the Performance Share Units granted to the Reporting Person under Oasis 2020 Long Term Incentive Plan (the "Plan") that were originally subject to a total shareholder return performance goal over a three-year measurement period ended and the Reporting Person earned 111,876 Performance Share Units (which represent 300% of the target number of Performance Share Units (37,292) originally reported by the Reporting Person on a prior Form 4),
- [F2](Continued from Footnote 1) or an additional 74,584 Performance Share Units, which earned Performance Share Units shall remain subject to time-based vesting through the end of the original measurement period. Following the closing of the Merger, the Issuer changed its name to "Chord Energy Corporation."
- [F3]As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a total shareholder return performance goal over a four-year measurement period ended and the Reporting Person earned 111,876 Performance Share Units (which represent 300% of the target number of Performance Share Units (37,292) originally reported by the Reporting Person on a prior Form 4), or an additional 74,584 Performance Share Units, which earned Performance Share Units shall remain subject to time-based vesting through the end of the original measurement period.
- [F4]Includes 32,982 shares of the Issuer's common stock, par value $0.01 per share, subject to a previously granted restricted stock unit award, which remain subject to the same time-based vesting schedule.
- [F5]As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a relative total shareholder return performance goal based on the Issuer's performance as compared to a predefined peer group or the Russell 2000 constituent companies, as applicable, over a three- or four-year measurement period, as applicable, ended and the Reporting Person earned a total of 59,786 Performance Share Units, which earned Performance Share Units shall remain subject to time-based vesting through the end of the original measurement period. The amount reported in this row includes the 59,786 Performance Share Units described in this Note 5, as well as the additional 74,584 Performance Share Units described in Note 1 and the additional 74,584 Performance Share Units described in Note 3.
Issuer
Chord Energy Corp
CIK 0001486159
Entity typeother
Related Parties
1- filerCIK 0001705952
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 9:51 PM ET
- Size
- 20.3 KB