Kinney Shannon Browning bought CHRD
February 20, 2024 · Form 4 insider transaction
Kinney Shannon Browning bought 2,911 shares of Chord Energy Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The Reporting Person was granted 2,911 target Performance Share Units ("Target Performance Units") by the Issuer as part of her ordinary course annual compensation package pursuant to the 2020 LTIP. Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% of Target Performance Units ("Earned Performance Units"), depending on the Company's total shareholder return ("TSR") over a three-year measurement period beginning January 1, 2024. However, if the number of Earned Performance Units exceeds the number of Target Performance Units, then such excess will be settled in cash rather than Common Stock.