Lou Michael H 4
4 · Chord Energy Corp · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Chord Energy (CHRD) EVP Michael H. Lou Receives Equity Awards
What Happened
- Michael H. Lou (reported as Lou Michael H), EVP, CSO and CCO of Chord Energy Corp (CHRD), received equity awards as part of his annual LTIP compensation and had 1,090 shares withheld to satisfy tax withholding. The withheld shares were valued at $95.17 each for a total of $103,735 (transaction coded F — tax withholding) on 2026-01-22.
- On 2026-01-23 the company granted 11,852 Restricted Stock Units (RSUs) and two types of contingent awards: 3,704 target Performance Share Units (PSUs) and 2,963 target Market Stock Units (MSUs). Per-share prices for the grants are not applicable (awards are compensation, coded A).
Key Details
- Transaction dates: 2026-01-22 (tax withholding/disposition of 1,090 shares) and 2026-01-23 (awards granted).
- Withheld/disposed: 1,090 shares @ $95.17 = $103,735 (to cover tax withholding; F).
- Awards granted: 11,852 RSUs (each = 1 share on vesting), 3,704 target PSUs, 2,963 target MSUs (all coded A); grant prices not applicable.
- Shares owned after the transactions: Not disclosed in the filing.
- Footnotes: RSUs and the PSUs/MSUs were granted under the Issuer’s 2020 Long Term Incentive Plan as ordinary annual compensation. PSU payouts range from 0–200% of target based on 3-year TSR; any PSU payout above target would be settled in cash. MSU payouts are tied to cumulative TSR over a three-year period (capped at 200% of target). The 1,090-share disposition was a withholding to satisfy tax obligations determined using CHRD’s closing price on Jan 21, 2026.
- Filing: Report filed 2026-01-26 covering transactions on Jan 22–23; the form does not indicate a late filing.
Context
- The grants are compensation (awards), not open-market purchases; such awards are routine for executives and do not necessarily signal a personal purchase conviction.
- The tax-withholding "sale" is a routine mechanics-driven disposition to cover withholding, not an independent sell decision.
- PSUs/MSUs are derivative-style awards: actual shares delivered at vesting depend on future performance (TSR) over a three-year measurement period and may be partially paid in cash if performance exceeds certain thresholds.
Insider Transaction Report
Form 4
Lou Michael H
EVP, CSO, and CCO
Transactions
- Tax Payment
Common Stock
[F1]2026-01-22$95.17/sh−1,090$103,735→ 86,526 total - Award
Common Stock
[F2]2026-01-23+11,852→ 98,378 total - Award
Performance Share Units
[F3]2026-01-23+3,704→ 8,761 total→ Common Stock (3,704 underlying) - Award
Performance Share Units
[F4]2026-01-23+2,963→ 11,724 total→ Common Stock (2,963 underlying)
Footnotes (4)
- [F1]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.
- [F2]The Reporting Person was granted 11,852 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.
- [F3]The Reporting Person was granted 3,704 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.
- [F4]The Reporting Person was granted 2,963 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.
Signature
/s/ Melissa K. Buce, as attorney-in-fact|2026-01-26