XML 64 R44.htm IDEA: XBRL DOCUMENT
v3.22.4

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of changes in unvested restricted stock | A summary of the changes in unvested RSUs is presented below:
|  | Unvested Restricted Stock Units |  | Weighted Average Grant Date Fair Value Per Share
|  | (in thousands) |  |
Unvested as of February 10, 2021 |  | — |  |  | $ | — |
Granted (a) |  | 1,202 |  |  | $ | 52.60 |
Vested (a) |  | (377) |  |  | $ | 65.66 |
Forfeited |  | (50) |  |  | $ | 44.37 |
Unvested as of December 31, 2021 |  | 775 |  |  | $ | 46.77 |
Granted |  | 666 |  |  | $ | 81.87 |
Vested |  | (300) |  |  | $ | 48.11 |
Forfeited |  | (184) |  |  | $ | 56.54 |
Unvested as of December 31, 2022 |  | 957 |  |  | $ | 68.91 |
_________________________________________ (a)Due to the Vine Acquisition, each Vine restricted stock unit was converted into a Company restricted stock unit. As a result, approximately 430 thousand Vine restricted stock units were converted to Company restricted stock units, of which approximately 375 thousand restricted stock units were accelerated. We recognized accelerated share-based compensation expense in other operating expense on our consolidated statement of operations. The following table provides information related to restricted stock units activity for the Predecessor periods presented:
|  | 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 |  | — |  |  | $ | — |
Unvested as of January 1, 2020 |  | 52 |  |  | $ | 709.85 |
Granted |  | 68 |  |  | $ | 60.00 |
Vested |  | (21) |  |  | $ | 791.69 |
Forfeited |  | (98) |  |  | $ | 243.13 |
Unvested as of December 31, 2020 |  | 1 |  |  | $ | 616.57 |
Schedule Valuation Assumptions | The following tables present the assumptions used in the valuation of the PSUs granted in the 2022 and 2021 Successor Periods.
2022 PSU Awards |  |  |
Assumption | TSR, rTSR |  |
Risk-free interest rate | 2.00 | % |  |
Volatility | 70.2 | % |  |
2021 PSU Awards |  |  |
Assumption | TSR, rTSR |  | Share Price Hurdle
Risk-free interest rate | 0.23 | % |  | 0.30 | %
Volatility | 71.4 | % |  | 68.4 | %
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 |  | 201 |  |  | $ | 64.41 |
Vested |  | (9) |  |  | $ | 38.95 |
Forfeited |  | (9) |  |  | $ | 55.42 |
Unvested as of December 31, 2021 |  | 183 |  |  | $ | 66.12 |
Granted |  | 133 |  |  | $ | 109.65 |
Vested |  | — |  |  | $ | — |
Forfeited |  | (40) |  |  | $ | 57.48 |
Unvested as of December 31, 2022 |  | 276 |  |  | $ | 88.28 |
Schedule of information related to stock option activity | The following table provides information related to stock option activity for the Predecessor periods presented:
|  | Number of Shares Underlying Options |  | Weighted Average Exercise Price Per Share |  | Weighted Average Contract Life in Years |  | Aggregate Intrinsic Value(a)
|  | (in thousands) |  |  |  |  |  | ($ in millions)
Outstanding as of January 1, 2021 |  | 20 |  |  | $ | 1,429.11 |  |  | 4.27 |  | $ | — |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | — |  |  | $ | — |  |  |  |  | $ | — |
Expired |  | (1) |  |  | $ | 741.86 |  |  |  |  |
Forfeited/canceled |  | (19) |  |  | $ | 1,452.40 |  |  |  |  |
Outstanding as of February 9, 2021 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Exercisable as of February 9, 2021 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Outstanding as of January 1, 2020 |  | 90 |  |  | $ | 1,420.90 |  |  | 5.70 |  | $ | — |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | — |  |  | $ | — |  |  |  |  | $ | — |
Expired |  | (23) |  |  | $ | 914.50 |  |  |  |  |
Forfeited |  | (47) |  |  | $ | 1,666.21 |  |  |  |  |
Outstanding as of December 31, 2020 |  | 20 |  |  | $ | 1,429.11 |  |  | 4.27 |  | $ | — |
Exercisable as of December 31, 2020 |  | 19 |  |  | $ | 1,439.55 |  |  | 4.35 |  | $ | — |
___________________________________________ (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 RSUs, stock options, and PSUs for the periods presented:
|  | Successor |  |  | Predecessor
|  | Year Ended December 31, 2022 |  | Period from February 10, 2021 through December 31, 2021 |  |  | Period from January 1, 2021 through February 9, 2021 |  | Year Ended December 31, 2020
General and administrative expenses |  | $ | 19 |  |  | $ | 7 |  |  |  | $ | 3 |  |  | $ | 20 |
Natural gas and oil properties |  | 4 |  |  | 2 |  |  |  | — |  |  | 1 |
Production expense |  | 3 |  |  | 2 |  |  |  | — |  |  | 1 |
Total RSU, stock option and PSU compensation |  | $ | 26 |  |  | $ | 11 |  |  |  | $ | 3 |  |  | $ | 22 |
Related income tax benefit |  | $ | 6 |  |  | $ | — |  |  |  | $ | — |  |  | $ | — |

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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration