Earnings Feed
Start Free
Chord Energy Corp·4

Jan 26, 9:02 PM ET

Robuck Richard N 4

Research Summary

AI-generated summary

Updated

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.