Chord Energy Corp — Director's Dealing 2021

Apr 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Oasis Petroleum Inc. (OAS)
CIK: 0001486159
Period of Report: 2021-04-13

Reporting Person: Brown Daniel E (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-13	Common Stock	A	43975	—	Acquired	43975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-13	Performance Share Units	$	A	37292	Acquired		Common Stock ()	Direct
2021-04-13	Performance Share Units	$	A	37292	Acquired		Common Stock ()	Direct

Footnotes

F1: The Reporting Person was granted 43,795 Restricted Stock Units by the Issuer as compensation pursuant to the Issuer's 2020 Long Term Incentive Plan (the "2020 LTIP"). Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.01 per share ("Common Stock").

F2: Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% of the target number of shares of Common Stock shown in Table II, depending on the Company's total shareholder return ("TSR") over a three-year measurement period beginning on April 15, 2021. For example, at the measurement dates in the last 12 months of the measurement period, TSR must increase at least (i) 145% to achieve the maximum 300% of target, (ii) 85% to achieve 200% of target, (iii) 25% to achieve 100% of target. However, if at least a 25% increase is not achieved on the measurement dates in the last 12 months of the three-year measurement period, no shares of Common Stock are earned. These Performance Share Units were granted as compensation under the 2020 LTIP.

F3: Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% of the target number of shares of Common Stock shown in Table II, depending on the Company's TSR over a four-year measurement period beginning on April 15, 2021. For example, at the measurement dates in the last 12 months of the measurement period, TSR must increase by at least (i) 145% to achieve the maximum 300% of target, (ii) 85% to achieve 200% of target, (iii) 25% to achieve 100% of target. However, if at least 25% increase is not achieved on the measurement dates in the last 12 months of the four-year measurement period, no shares of Common Stock are earned. These Performance Share Units were granted as compensation under the 2020 LTIP.