XML 44 R32.htm IDEA: XBRL DOCUMENT v3.21.2

Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of the changes in unvested restricted stock

A summary of the changes in unvested restricted stock units is presented below:

						Unvested Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of February 10, 2021						—						$	—
Granted						727						$	44.28
Vested						(2)						$	44.30
Forfeited/canceled						(38)						$	44.30
Unvested as of September 30, 2021						687						$	44.28

A summary of the changes in unvested restricted stock units is presented below:

						Unvested Restricted Stock Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of January 1, 2021						1						$	616.57
Granted						—						$	—
Vested						—						$	—
Forfeited/canceled						(1)						$	611.47
Unvested as of February 9, 2021						—						$	—

Schedule Valuation Assumptions

The following table presents the assumptions used in the valuation of the PSUs granted in 2021.

Assumption			Share Price Hurdle						TSR, rTSR
Risk-free interest rate			0.30		%				0.23		%
Volatility			68.4		%				71.4		%

Summary of the changes in unvested performance share

A summary of the changes in unvested PSUs is presented below:

						Unvested Performance Share Units						Weighted Average Grant Date Fair Value Per Share
						(in thousands)
Unvested as of February 10, 2021						—						$	—
Granted						142						$	54.23
Vested						(9)						$	38.95
Forfeited/canceled						(2)						$	45.76
Unvested as of September 30, 2021						131						$	55.41

Schedule of stock option activity

The following table provides information related to stock option activity:

						Number of Shares Underlying   Options						Weighted Average Exercise Price Per Share						Weighted   Average Contract Life in Years						Aggregate   Intrinsic Value(a)
						(in thousands)
Outstanding as of January 1, 2021						20						$	1,429					4.27						$	—
Granted						—						$	—
Exercised						—						$	—											$	—
Expired						(1)						$	742
Forfeited/canceled						(19)						$	1,452
Outstanding as of February 9, 2021						—						$	—					—						$	—
Exercisable as of February 9, 2021						—						$	—					—						$	—

___________________________________________

(a)The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option.

Schedule of Share-based Compensation Arrangements

We recognized the following compensation costs, net of actual forfeitures, related to restricted stock, stock options, and PSUs for the Successor and Predecessor Periods:

						Successor									Predecessor
						Three Months Ended September 30, 2021									Three Months Ended September 30, 2020
General and administrative expenses						$	2								$	7
Oil and natural gas properties						1									—
Oil, natural gas and NGL production expenses						1									—
Total restricted stock, stock option, and PSU compensation						$	4								$	7

						Successor									Predecessor
						Period from February 10, 2021 through September 30, 2021									Period from January 1, 2021 through February 9, 2021						Nine Months Ended September 30, 2020
General and administrative expenses						$	4								$	3					$	15
Oil and natural gas properties						2									—						1
Oil, natural gas and NGL production expenses						1									—						1
Total restricted stock, stock option, and PSU compensation						$	7								$	3					$	17

X

- Definition

Schedule of Share-based Payment Award, Valuation Assumptions

+ References

No definition available.

+ Details

Name:	chk_ScheduleOfShareBasedPaymentAwardValuationAssumptionsTableTextBlock
Namespace Prefix:	chk_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration