Chord Energy (CHRD) director receives 1,524 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sheets Jeffrey Wayne reported acquisition or exercise transactions in this Form 4 filing.
Chord Energy director Jeffrey Wayne Sheets received a grant of 1,524 restricted stock units (RSUs) of common stock. The award was granted at no cash cost per unit and represents stock-based compensation rather than an open-market purchase.
The RSUs may be settled only in shares of common stock on a one-for-one basis and will vest on April 29, 2027, provided he continues to provide services to Chord Energy through that date. After this grant, he directly holds 7,672 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sheets Jeffrey Wayne
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,524 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,672 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,524 units
Grant price per unit: $0.00
Shares held after transaction: 7,672 shares
+1 more
4 metrics
RSUs granted
1,524 units
Award of restricted stock units to director
Grant price per unit
$0.00
RSU award price, stock-based compensation
Shares held after transaction
7,672 shares
Director’s direct common stock holdings post-grant
RSU vesting date
April 29, 2027
Date when RSUs vest if service continues
Key Terms
restricted stock units ("RSUs"), vest, grant, award, or other acquisition
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") granted to the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The RSUs will vest on April 29, 2027, so long as the Reporting Person continuously provides services"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Jeffrey Wayne Sheets do in this Chord Energy (CHRD) Form 4 filing?
Jeffrey Wayne Sheets reported receiving 1,524 restricted stock units from Chord Energy as stock-based compensation. These units convert one-for-one into common shares once vested, increasing his potential equity stake in the company over time.
When do the newly granted Chord Energy (CHRD) RSUs vest?
The 1,524 restricted stock units vest on April 29, 2027, if Jeffrey Wayne Sheets continues providing services to Chord Energy through that date. Vesting ties the award to ongoing service, aligning compensation with longer-term involvement at the company.
Are the Chord Energy (CHRD) RSUs settled in cash or stock?
The restricted stock units may be settled only for shares of Chord Energy common stock on a one-for-one basis. This means each vested unit converts into one share, reinforcing equity-based compensation rather than a cash payout structure for the director.