Brooks Douglas E 4
Research Summary
AI-generated summary
Chord Energy (CHRD) Director Douglas E. Brooks Sells 2,126 Shares
What Happened
Douglas E. Brooks, a director of Chord Energy Corp (CHRD), sold 2,126 shares in open-market transactions on March 6, 2026. The weighted average sale price was $120.28 per share, producing gross proceeds of approximately $255,715. This was a sale (not a purchase or award), which is commonly routine insider selling and does not by itself indicate company performance.
Key Details
- Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-09). Transaction code: S (sale).
- Price: weighted average $120.28 per share; actual trade prices ranged from $120.20 to $120.48 (multiple same-day sales). (See footnote F1.)
- Shares sold: 2,126; gross proceeds ≈ $255,715.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: F1 explains the weighted average and price range; F2 states detailed per-trade quantities/prices are available on request to the SEC, the company, or a shareholder.
- Timeliness: Form 4 was filed March 9 covering a March 6 trade (filing date provided in the report).
Context
This was an open-market sale by a director. Sales by insiders are often routine (tax planning, portfolio rebalancing, diversification, or other personal reasons) and should not be taken alone as a signal about company fundamentals. Retail investors may weigh this alongside other insider activity, company results, and market factors.