4//SEC Filing
Lorentzatos Nickolas J 4
Accession 0000899243-22-025583
CIK 0001486159other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:51 PM ET
Size
14.7 KB
Accession
0000899243-22-025583
Insider Transaction Report
Form 4
Lorentzatos Nickolas J
See Remarks
Transactions
- Award
Common Stock
2022-07-01+75,908→ 117,539 total - Exercise/Conversion
Performance Share Units
2022-07-01−13,276→ 13,276 total→ Common Stock (13,276 underlying) - Exercise/Conversion
Performance Share Units
2022-07-01−13,276→ 0 total→ Common Stock (13,276 underlying) - Exercise/Conversion
Common Stock
2022-07-01+26,552→ 41,631 total
Footnotes (5)
- [F1]As a result of the merger (the "Merger") between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting") contemplated by that certain Agreement and Plan of Merger, dated as of March 7, 2022, by and among Oasis, Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Oasis, New Ohm LLC, a Delaware limited liability company and a wholly owned subsidiary of Oasis, and Whiting (the "Merger Agreement"), the performance period associated with the Performance Share Units granted to the Reporting Person under Oasis 2020 Long Term Incentive Plan (the "Plan") that were originally subject to a total shareholder return performance goal over a three-year measurement period ended and the Reporting Person earned 39,828 Performance Share Units (which represent 300% of the target number of Performance Share Units (13,276) originally reported by the Reporting Person on a prior Form 4),
- [F2](Continued from Footnote 1) or an additional 26,552 Performance Share Units, which earned Performance Share Units were settled in shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger. Following the closing of the Merger, the Issuer changed its name to "Chord Energy Corporation."
- [F3]As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a total shareholder return performance goal over a four-year measurement period ended and the Reporting Person earned 39,828 Performance Share Units (which represent 300% of the target number of Performance Share Units (13,276) originally reported by the Reporting Person on a prior Form 4), or an additional 26,552 Performance Share Units, which earned Performance Share Units were accelerated and settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger.
- [F4]Includes 12,582 shares of Common Stock subject to a previously granted restricted stock unit award, which were accelerated and settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger.
- [F5]As a result of the Merger, the performance period associated with the Performance Share Units granted to the Reporting Person under the Plan that were originally subject to a relative total shareholder return performance goal based on the Issuer's performance as compared to a predefined peer group or the Russell 2000 constituent companies, as applicable, over a three- or four-year measurement period, as applicable, ended and the Reporting Person earned a total of 22,804 Performance Share Units, which earned Performance Share Units were settled in shares of Common Stock upon the Reporting Person ceasing to serve as Executive Vice President, General Counsel and Corporate Secretary of the Issuer in connection with the Merger. The amount reported in this row includes the 22,804 Performance Share Units described in this Note 5, as well as the additional 26,552 Performance Share Units described in Note 1 and the additional 26,552 Performance Share Units described in Note 3.
Documents
Issuer
Chord Energy Corp
CIK 0001486159
Entity typeother
Related Parties
1- filerCIK 0001502361
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 9:51 PM ET
- Size
- 14.7 KB