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|4Jan 26, 8:37 PM ET

Brown Daniel E 4

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Chord Energy (CHRD) CEO Daniel Brown Receives Equity Awards

What Happened
Daniel E. Brown, President, CEO and Director of Chord Energy (CHRD), had 2,007 shares withheld to satisfy tax withholding obligations related to vested restricted stock units (withholding price $95.17; proceeds ~$191,006). On 2026-01-23 he was awarded 21,051 Restricted Stock Units (RSUs) and target awards of 10,525 Performance Share Units (PSUs) and 7,017 Market Stock Units (MSUs) as part of his annual compensation under the company’s 2020 Long Term Incentive Plan.

Key Details

  • Transaction dates: 2026-01-22 (tax withholding / disposition of 2,007 shares), 2026-01-23 (grants).
  • Withholding sale: 2,007 shares × $95.17 = $191,006 (code F — shares withheld to satisfy tax liability). Withholding based on CHRD closing price on Jan 21, 2026 (footnote F1).
  • Grants (code A — awards): 21,051 RSUs (each equals 1 share on vesting); 10,525 target PSUs (performance-based, derivative); 7,017 target MSUs (market-based, derivative). Grant amounts reported; no immediate cash value listed in filing.
  • PSUs: payout ranges from 0%–200% of target based on 3-year total shareholder return (TSR) beginning Jan 1, 2026; any earned amount above target is paid in cash rather than additional shares (footnote F3).
  • MSUs: payout equals target units multiplied by a TSR-based factor over a three-year period (capped at 200%) (footnote F4).
  • Shares owned after these transactions: not specified in the provided filing excerpt — see the Form 4 for total post-transaction holdings.
  • Filing: Form 4 was filed 2026-01-26 covering transactions on Jan 22–23 (no late filing flagged in the provided record).

Context
The 2,007-share disposition was a tax-withholding action tied to RSU vesting (routine, not an open-market sale). The RSUs, PSUs and MSUs are grants/contingent awards — PSUs/MSUs are performance-contingent and will only convert to actual shares (if any) after the multi-year performance measurement period. These awards are common executive compensation and do not represent an immediate open-market purchase or sale reflecting a trading decision.