diff --git a/CHANGELOG.md b/CHANGELOG.md
index fd7d2246..c095a692 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,33 @@
+# 1.4.0
+
+## General
+
+Added
+* Added an optional ServiceMonitor for prometheus to the Helm chart ([#559] thanks @dani-CO-CN!)
+* Added the ability to overwrite resource limits and requests to the Helm chart ([#560] thanks @dani-CO-CN!)
+* Added the ability to overwrite priorityClass to the Helm chart ([#567] thanks @dani-CO-CN!)
+* Added the ability to apply additional pod labels to the Helm chart ([#617] thanks @danielvincenzi!)
+
+Fixed
+* Fixed a bug which could cause nodes to remain cordoned after an update ([#631])
+* Fixed a bug that could cause the agent to require a few restarts before stabilizing ([#568])
+
+Misc
+
+* Numerous dependency upgrades and documentation fixes ([#638], [#622], [#602], [#585] thanks @umizoom!, [#550] thanks @mooneeb!)
+
+[#559]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/559
+[#560]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/560
+[#567]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/567
+[#617]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/617
+[#631]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/631
+[#568]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/568
+[#638]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/638
+[#622]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/622
+[#602]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/602
+[#585]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/585
+[#550]: https://github.com/bottlerocket-os/bottlerocket-update-operator/pull/550
+
 # 1.3.0
 
 ## General
diff --git a/README.md b/README.md
index 9b3c96b5..00ed76ab 100644
--- a/README.md
+++ b/README.md
@@ -92,7 +92,7 @@ namespace: "brupop-bottlerocket-aws"
 
 # The image to use for brupop
 # This defaults to the image built alongside a particular helm chart, but you can override it by uncommenting this line:
-# image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0"
+# image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0"
 
 # Placement controls
 # See the Kubernetes documentation about placement controls for more details:
diff --git a/VERSION b/VERSION
index 18fa8e74..0d0c52f8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.3.0
+v1.4.0
diff --git a/bottlerocket-update-operator.yaml b/bottlerocket-update-operator.yaml
index b9e70ec1..aa23f780 100644
--- a/bottlerocket-update-operator.yaml
+++ b/bottlerocket-update-operator.yaml
@@ -196,6 +196,15 @@ spec:
     subresources:
       status: {}
 ---
+# Source: bottlerocket-update-operator/templates/controller-priority-class.yaml
+apiVersion: scheduling.k8s.io/v1
+kind: PriorityClass
+metadata:
+  name: brupop-controller-high-priority
+  namespace: brupop-bottlerocket-aws
+preemptionPolicy: Never
+value: 1000000
+---
 # Source: bottlerocket-update-operator/templates/agent-service-account.yaml
 apiVersion: v1
 kind: ServiceAccount
@@ -470,6 +479,7 @@ spec:
   ports:
     - port: 80
       targetPort: 8080
+      name: main
   selector:
     brupop.bottlerocket.aws/component: brupop-controller
 ---
@@ -530,7 +540,7 @@ spec:
               value: "true"
             - name: TRACING_FILTER_DIRECTIVE
               value: "info"
-          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0
+          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0
           name: brupop
           resources:
             limits:
@@ -637,7 +647,7 @@ spec:
               value: "true"
             - name: TRACING_FILTER_DIRECTIVE
               value: "info"
-          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0
+          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0
           livenessProbe:
             httpGet:
               path: /ping
@@ -653,6 +663,12 @@ spec:
               port: 8443
               scheme: HTTPS
             initialDelaySeconds: 5
+          resources:
+            limits:
+              memory: 256Mi
+            requests:
+              cpu: 10m
+              memory: 40Mi
           volumeMounts:
             - mountPath: /etc/brupop-tls-keys
               name: bottlerocket-tls-keys
@@ -719,9 +735,15 @@ spec:
               value: "true"
             - name: TRACING_FILTER_DIRECTIVE
               value: "info"
-          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0
+          image: public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0
           name: brupop
-      priorityClassName: brupop-controller-high-priority
+          resources:
+            limits:
+              memory: 256Mi
+            requests:
+              cpu: 10m
+              memory: 40Mi
+      priorityClassName: "brupop-controller-high-priority"
       
       serviceAccountName: brupop-controller-service-account
 ---
@@ -804,12 +826,3 @@ metadata:
   namespace: brupop-bottlerocket-aws
 spec:
   selfSigned: {}
----
-# Source: bottlerocket-update-operator/templates/controller-priority-class.yaml
-apiVersion: scheduling.k8s.io/v1
-kind: PriorityClass
-metadata:
-  name: brupop-controller-high-priority
-  namespace: brupop-bottlerocket-aws
-preemptionPolicy: Never
-value: 1000000
diff --git a/deploy/charts/bottlerocket-update-operator/Chart.yaml b/deploy/charts/bottlerocket-update-operator/Chart.yaml
index a4d750cb..f554b657 100644
--- a/deploy/charts/bottlerocket-update-operator/Chart.yaml
+++ b/deploy/charts/bottlerocket-update-operator/Chart.yaml
@@ -4,7 +4,7 @@ description: A Helm chart for the Bottlerocket Update Operator
 home: https://github.com/bottlerocket-os/bottlerocket-update-operator
 icon: https://avatars.githubusercontent.com/u/61023959?s=200&v=4
 type: application
-version: 1.3.0
-appVersion: "1.3.0"
+version: 1.4.0
+appVersion: "1.4.0"
 sources:
   - https://github.com/bottlerocket-os/bottlerocket-update-operator
diff --git a/deploy/charts/bottlerocket-update-operator/README.md b/deploy/charts/bottlerocket-update-operator/README.md
index b70bfea1..66a58302 100644
--- a/deploy/charts/bottlerocket-update-operator/README.md
+++ b/deploy/charts/bottlerocket-update-operator/README.md
@@ -78,7 +78,7 @@ The following configuration values are supported:
 namespace: "brupop-bottlerocket-aws"
 
 # The image to use for brupop
-image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0"
+image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0"
 
 # Placement controls
 # See the Kubernetes documentation about placement controls for more details:
diff --git a/deploy/charts/bottlerocket-update-operator/values.yaml b/deploy/charts/bottlerocket-update-operator/values.yaml
index 67a0e7e1..14a77883 100644
--- a/deploy/charts/bottlerocket-update-operator/values.yaml
+++ b/deploy/charts/bottlerocket-update-operator/values.yaml
@@ -4,7 +4,7 @@
 namespace: "brupop-bottlerocket-aws"
 
 # The image to use for brupop
-image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.3.0"
+image: "public.ecr.aws/bottlerocket/bottlerocket-update-operator:v1.4.0"
 
 # Placement controls
 # See the Kubernetes documentation about placement controls for more details: