Brown Daniel E 4
4 · Chord Energy Corp · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Chord Energy CEO Daniel Brown Has Shares Withheld for Taxes
What Happened Daniel E. Brown, President, CEO and a director of Chord Energy Corp (CHRD), had 1,353 restricted stock unit (RSU) shares withheld to satisfy tax withholding obligations in connection with RSU vesting. The withholding was recorded as a disposition (code F) at an attributed price of $104.99 per share, totaling approximately $142,051.
Key Details
- Transaction date: February 20, 2026; Form 4 filed February 23, 2026 (filed timely).
- Reported disposal: 1,353 shares withheld at $104.99/share → ~$142,051.
- Transaction code: F (shares withheld to satisfy tax withholding on vested awards).
- Footnote: The issuer withheld shares that would otherwise have been issued to the reporting person to satisfy tax withholding; the number withheld was determined using Chord’s closing price on February 19, 2026.
- Shares owned after transaction: not disclosed in the portion of the filing provided.
Context This was not an open-market sale but a routine tax-withholding event tied to RSU vesting (a form of compensation). Such withholdings are common and do not necessarily signal the insider’s market view.
Insider Transaction Report
Form 4
Brown Daniel E
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
[F1]2026-02-20$104.99/sh−1,353$142,051→ 192,363 total
Footnotes (1)
- [F1]In connection with the vesting and settlement of restricted stock units through the issuance of Issuer's common stock, par value $0.01 per share ("Common Stock") pursuant to the Issuer's 2020 Long Term Incentive Plan, the Issuer withheld Common Stock that would otherwise have been issued to the Reporting Person to satisfy his tax withholding obligations. The number of shares of Common Stock withheld was determined based on the closing price per share of Common Stock on February 19, 2026.
Signature
/s/ Melissa K. Buce, as attorney-in-fact|2026-02-23