Comstock Resources (CRK) director receives 14,870-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOSTER MORRIS E reported acquisition or exercise transactions in this Form 4 filing.
Comstock Resources director Morris E. Foster reported a new restricted stock award and updated holdings. He received a grant of 14,870 shares of common stock at $13.45 per share as a compensation-related award that vests after one year of service. Following this grant, he directly holds 231,623 common shares and also has an indirect holding of 10,050 shares held by the Foster Family Foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FOSTER MORRIS E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,870 | $13.45 | $200K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 231,623 shares (Direct, null);
Common Stock — 10,050 shares (Indirect, Held by Foster Family Foundation)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock award: 14,870 shares
Grant price: $13.45 per share
Direct holdings after grant: 231,623 shares
+1 more
4 metrics
Restricted stock award
14,870 shares
Grant of common stock with one-year service vesting
Grant price
$13.45 per share
Price for the 14,870-share restricted stock award
Direct holdings after grant
231,623 shares
Common stock directly owned after the award
Indirect holdings
10,050 shares
Common stock held by Foster Family Foundation
Key Terms
Restricted stock award, Grant, award, or other acquisition, indirect ownership
3 terms
Restricted stock award financial
"Restricted stock award which vests after one year of service."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: Held by Foster Family Foundation"
FAQ
What insider transaction did CRK director Morris E. Foster report?
Morris E. Foster reported receiving a restricted stock award of 14,870 Comstock Resources common shares. The award was granted at $13.45 per share and is compensation-related, rather than an open-market purchase. It vests after one year of service according to the filing footnote.
Was the CRK insider transaction a market purchase or a stock award?
The CRK insider transaction was a stock award, not a market purchase. The Form 4 lists transaction code “A,” described as a grant, award, or other acquisition, for 14,870 restricted shares of common stock that vest after one year of service, reflecting compensation rather than trading.
What is the vesting condition on Morris E. Foster’s CRK restricted stock?
The restricted stock award vests after one year of service. This means Morris E. Foster must provide one year of continued service to fully earn the 14,870 granted shares, aligning his compensation with ongoing involvement at Comstock Resources over that period.