Robuck Richard N 4
4 · Chord Energy Corp · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Chord Energy (CHRD) CFO Richard Robuck Receives Awards, Sells 1,044 Shares
What Happened
- Richard N. Robuck, EVP, Chief Financial Officer and Treasurer of Chord Energy (CHRD), had 1,044 shares withheld on Jan 22, 2026 to satisfy tax withholding tied to RSU vesting — withheld at $95.17 per share for a value of $99,357 (transaction code F).
- On Jan 23, 2026 he received equity awards (transaction code A) totaling 17,306 target units: 11,076 Restricted Stock Units (RSUs), 3,461 target Performance Share Units (PSUs, derivative), and 2,769 target Market Stock Units (MSUs, derivative). These are grants as part of his annual LTIP compensation, not open-market purchases.
Key Details
- Tax withholding sale: 1,044 shares @ $95.17 = $99,357 (01/22/2026; code F). Withholding was used to satisfy tax obligations on vested RSUs (footnote F1).
- Grants (01/23/2026; code A): 11,076 RSUs (each converts to one share if/when settled); 3,461 target PSUs (performance-based, payout 0–200% of target depending on 3-year TSR; excess settled in cash) ; 2,769 target MSUs (market-based, payout 0–200% based on cumulative TSR multiplier over 3 years). (Footnotes F2–F4).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing date: Jan 26, 2026 (covers transactions on Jan 22–23, 2026). This appears to be a routine Form 4 filing following RSU vesting and annual grant activity, not an open-market trade program.
Context
- The 1,044-share transaction is a tax-withholding event (code F), a common, administrative sale when equity awards vest; it does not necessarily indicate an intentional market sale by the insider.
- The 17,306 units granted are compensation awards (code A) subject to future vesting/performance conditions; PSUs and MSUs are contingent/derivative awards that may convert to shares (or in some PSU excess cases, cash) depending on multi-year TSR outcomes.
- For retail investors: awards signal management is being compensated with equity but are not the same as a cash buy signal; routine withholding sales are also common and generally neutral for interpreting insider sentiment.
Insider Transaction Report
Form 4
Robuck Richard N
EVP, CFO and Treasurer
Transactions
- Tax Payment
Common Stock
[F1]2026-01-22$95.17/sh−1,044$99,357→ 23,585 total - Award
Common Stock
[F2]2026-01-23+11,076→ 34,661 total - Award
Performance Share Units
[F3]2026-01-23+3,461→ 7,819 total→ Common Stock (3,461 underlying) - Award
Performance Share Units
[F4]2026-01-23+2,769→ 10,588 total→ Common Stock (2,769 underlying)
Footnotes (4)
- [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 January 21, 2026.
- [F2]The Reporting Person was granted 11,076 Restricted Stock Units by the Issuer as part of his ordinary course annual compensation package pursuant to the Issuer's LTIP. Each Restricted Stock Unit represents a contingent right to receive one share Common Stock.
- [F3]The Reporting Person was granted 3,461 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 200% 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, 2026. 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.
- [F4]The Reporting Person was granted 2,769 target Market Stock Units ("Target MSUs") by the Issuer as part of his ordinary course annual compensation package pursuant to the LTIP. Each Market Stock Unit represents a contingent right to receive a number of shares of Common Stock equal to the Target MSUs multiplied by a factor reflecting the cumulative TSR over a three-year period beginning January 1, 2026, which factor is based on the Company's ending stock price plus cumulative dividends paid for such period divided by the Company's beginning stock price for such period. The number of Market Stock Units earned by Reporting person shall not exceed 200% of the Target MSUs.
Signature
/s/ Melissa K. Buce, as attorney-in-fact|2026-01-26