Robuck Richard N 4
Research Summary
AI-generated summary
Chord Energy (CHRD) CFO Richard Robuck Sells 5,000 Shares
What Happened
Richard N. Robuck, EVP, Chief Financial Officer and Treasurer of Chord Energy Corp (CHRD), reported an open-market sale of 5,000 common shares on 2026-03-13. The reported weighted-average sale price was $121.75 per share, for aggregate proceeds of approximately $608,750. This was a sale (not a purchase or option exercise), which is commonly routine insider selling and does not by itself indicate company prospects.
Key Details
- Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-16; filing appears timely).
- Transaction type/code: Open-market sale (S).
- Shares sold: 5,000; weighted-average price: $121.75; total proceeds: ~$608,750.
- Price range (footnote): actual sale prices ranged from $121.72 to $121.92 per share (multiple same-day trades).
- Footnote availability: Additional breakdown of shares sold at each price is available upon request to the SEC staff or Chord Energy (per filing footnote).
- Shares owned after transaction: Not specified in the provided excerpt—see the full Form 4 for post-transaction holdings.
Context: This was a direct sale of existing shares by a company executive. Sales by insiders are often routine (diversification, taxes, personal liquidity) and do not necessarily reflect management’s view of future company performance. For a fuller picture, check other recent insider trades, any 10b5-1 plans noted on the full filing, and the insider’s remaining holdings reported on the complete Form 4.