Tax withholding reduces Comstock (NYSE: CRK) COO Daniel Harrison’s share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Comstock Resources Chief Operating Officer Daniel S. Harrison reported a tax-related share withholding tied to vested restricted stock. On the transaction date, 7,314 shares of common stock were withheld at $19.85 per share to cover tax obligations, leaving him with 818,908 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harrison Daniel S
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,314 | $19.85 | $145K |
Holdings After Transaction:
Common Stock — 818,908 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Comstock Resources (CRK) report for Daniel S. Harrison?
Comstock Resources reported that COO Daniel S. Harrison had 7,314 common shares withheld to satisfy taxes on vested restricted stock, rather than executing an open-market sale, as shown in his Form 4 filing.
Was the Comstock Resources (CRK) insider transaction a tax-withholding event?
Yes. The Form 4 states the transaction was a tax-withholding disposition, with 7,314 shares netted to cover tax liabilities arising from vested restricted shares, rather than a voluntary sale into the market.
Does the Comstock Resources (CRK) Form 4 indicate an open-market sale by the COO?
No. The Form 4 describes the event as a payment of tax liability by delivering securities, meaning shares were withheld for taxes on vested restricted shares, not sold by the COO in the open market.