Lou Michael H 4

What Happened
Lou Michael, EVP, Chief Strategy Officer and Chief Commercial Officer of Chord Energy (CHRD), had 679 shares of common stock withheld to satisfy tax withholding related to the vesting and settlement of restricted stock units (RSUs). The shares were valued at $104.99 each, for a total withholding value of approximately $71,288. This was a tax-withholding/net-share settlement related to an award, not an open-market sale.

Key Details

• Transaction date: February 20, 2026 (reported on Form 4 filed February 23, 2026)
• Transaction type/code: Tax withholding on RSU settlement (disposition under code F)
• Shares withheld/disposed: 679 shares at $104.99 per share; total ≈ $71,288
• Footnote: Withholding was used to satisfy tax obligations on vested RSUs; the number of shares withheld was determined using the closing price on Feb 19, 2026.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Timeliness: Form 4 was filed Feb 23, 2026 referencing the Feb 20 transaction (filing date included in the report).

Context
This was a routine tax-withholding event tied to the vesting/settlement of RSUs (net-share settlement), which reduces the number of shares issued to the insider rather than representing an active open-market sale. Such withholding is common when equity awards vest and does not necessarily signal insider sentiment about the company.