Brown Daniel E 4
Research Summary
AI-generated summary
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.