Kinney Shannon Browning 4
4 · Chord Energy Corp · Filed Jan 24, 2025
Insider Transaction Report
Form 4
Kinney Shannon Browning
EVP, CAO, GC & Corp Secretary
Transactions
- Award
Performance Share Units
2025-01-22+2,037→ 3,492 total→ Common Stock (2,037 underlying) - Award
Common Stock
2025-01-22+5,435→ 24,923 total
Footnotes (2)
- [F1]The Reporting Person was granted 5,435 Restricted Stock Units by the Issuer as part of her 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 Reporting Person was granted 2,037 target Performance Share Units ("Target Performance Units") by the Issuer as part of her 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.