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Chord Energy Corp·4

Jan 26, 8:42 PM ET

Henke Darrin J. 4

Research Summary

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Chord Energy (CHRD) EVP Darrin Henke Receives Awards; Shares Withheld

What Happened
Darrin J. Henke, EVP and COO of Chord Energy Corp., received equity awards and had shares withheld to satisfy tax withholding tied to vested restricted stock units. On Jan 23, 2026 Henke was granted 11,076 Restricted Stock Units (RSUs), 3,461 target Performance Share Units (PSUs, derivative), and 2,769 target Market Stock Units (MSUs, derivative). On Jan 22, 2026 the issuer withheld 1,085 shares from an RSU settlement to cover tax obligations; those withheld shares were valued at $95.17 each for a total of $103,259.

Key Details

  • Transaction dates and types:
    • 2026-01-22: Tax withholding/disposition (Code F) — 1,085 shares withheld at $95.17; total value $103,259.
    • 2026-01-23: Grants/awards (Code A) — 11,076 RSUs; 3,461 target PSUs (derivative); 2,769 target MSUs (derivative).
  • Shares owned after the transactions: Not disclosed in the provided filing excerpt.
  • Notable footnotes:
    • F1: Shares were withheld to satisfy tax withholding on RSU vesting; withholding amount used the Jan 21, 2026 closing price.
    • F2: 11,076 RSUs — each RSU = right to one share upon settlement.
    • F3: 3,461 target PSUs — payout ranges from 0% to 200% of target based on 3-year total shareholder return (TSR); any earned amount above target is settled in cash rather than stock.
    • F4: 2,769 target MSUs — payout equals target units multiplied by a TSR-based factor over a 3-year period, capped at 200% of target.
  • Timeliness: Filing dated Jan 26, 2026 — appears timely (filed within the standard 2 business days after the reported transactions).

Context

  • The grants (RSUs, PSUs, MSUs) are part of Henke’s regular long-term incentive compensation and represent contingent rights to future shares based on vesting and performance metrics — not open-market purchases.
  • The withheld shares were used solely to cover tax obligations (a common administrative disposition), not an open-market sale to a third party.
  • PSUs and MSUs are performance-based/market-based long-term awards; actual shares received at settlement may differ from the target counts depending on future performance over the specified 3-year measurement periods.