CRK (NYSE: CRK) CFO nets 28,055 shares for tax withholding on awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COMSTOCK RESOURCES INC President & CFO Roland O. Burns reported a tax-related share disposition. On this Form 4, he disposed of 28,055 shares of common stock at an indicated price of $19.85 per share to satisfy tax withholding on vested restricted shares.
This was recorded as a tax-withholding transaction rather than an open-market sale. After this net share withholding, Burns directly owns 1,419,579 shares of Comstock Resources common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BURNS ROLAND O
Role
President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 28,055 | $19.85 | $557K |
Holdings After Transaction:
Common Stock — 1,419,579 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did COMSTOCK RESOURCES INC (CRK) report for Roland O. Burns?
COMSTOCK RESOURCES INC reported that President & CFO Roland O. Burns disposed of 28,055 shares of common stock. The shares were netted to cover tax withholdings on vested restricted stock, rather than being sold in an open-market transaction.
Was the CRK Form 4 transaction by Roland O. Burns an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Code F indicates shares were withheld or delivered to satisfy tax obligations arising from vested restricted shares, rather than sold at the insider’s discretion in the market.
What does transaction code F mean in the CRK Form 4 for Roland O. Burns?
Transaction code F on the CRK Form 4 signifies payment of an exercise price or tax liability by delivering securities. In this case, it reflects shares netted for tax withholdings on vested restricted shares, not a discretionary open-market purchase or sale.