Kinney Shannon Browning 4

What Happened

• Kinney Shannon Browning, EVP, CAO, General Counsel & Corporate Secretary of Chord Energy Corp (CHRD), had 509 shares withheld on Feb 20, 2026 to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs). The shares were valued at $104.99 each for a total of $53,440. This disposition (code F) is a routine tax-withholding transaction rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-20; Form filed: 2026-02-23 (appears to be filed within the normal reporting window).
• Price per share: $104.99; shares withheld/disposed: 509; total value: $53,440.
• Reason: Withholding to satisfy tax liability from RSU vesting under the Issuer’s 2020 Long Term Incentive Plan (per footnote).
• Footnote detail: Number of shares withheld was determined using the closing price on Feb 19, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: F = tax withholding (not an investment buy/sell signal).

Context

• This is a routine tax-withholding event following RSU settlement (often called a “sell-to-cover” or share withholding). It does not indicate an additional discretionary sale by the insider and is generally not interpreted as a directional insider trading signal.