Brown Daniel E 4
4 · Chord Energy Corp · Filed Feb 22, 2024
Insider Transaction Report
Form 4
Brown Daniel E
DirectorPresident and CEO
Transactions
- Award
Common Stock
2024-02-20+10,309→ 320,498 total - Award
Performance Share Units
2024-02-20+10,465→ 10,465 total→ Common Stock
Footnotes (2)
- [F1]The Reporting Person was granted 10,309 Restricted Stock Units by the Issuer as part of his ordinary course annual compensation package pursuant to the Issuer's 2020 Long Term Incentive Plan (the "2020 LTIP"). Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.01 per share ("Common Stock").
- [F2]The Reporting Person was granted 10,465 target Performance Share Units ("Target Performance Units") by the Issuer as part of his ordinary course annual compensation package pursuant to the 2020 LTIP. Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% 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, 2024. 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.