Henke Darrin J. 4
4 · Chord Energy Corp · Filed Jan 24, 2025
Insider Transaction Report
Form 4
Henke Darrin J.
EVP and COO
Transactions
- Award
Common Stock
2025-01-22+7,673→ 14,196 total - Award
Performance Share Units
2025-01-22+2,877→ 4,711 total→ Common Stock (2,877 underlying)
Holdings
- 1,834
Performance Share Units
→ Common Stock (1,834 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted 7,673 Restricted Stock Units by the Issuer as part of his ordinary course annual compensation package pursuant to the Issuer's Long Term Incentive Plan ("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 number of target performance units has been updated to accurately reflect the number of target units the Reporting Person was actually granted on February 20, 2024. Due to a scrivener's error, it was originally reported incorrectly as 3,667 target performance units on Reporting Person's Form 4 dated February 22, 2024.
- [F3]The Reporting Person was granted 2,877 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 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, 2025. 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.