Comstock Resources (NYSE: CRK) VP reports tax withholding on shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Comstock Resources Vice President of Operations Patrick McGough reported a routine tax-related share disposition. On the transaction date, 1,127 shares of Common Stock were withheld at $13.00 per share to cover taxes on vested restricted shares. This was not an open-market sale. After the withholding, McGough directly holds 186,389 shares of Comstock Resources common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGough Patrick
Role
Vice President of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,127 | $13.00 | $15K |
Holdings After Transaction:
Common Stock — 186,389 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,127 shares
Withholding price per share: $13.00 per share
Shares held after transaction: 186,389 shares
+1 more
4 metrics
Shares withheld for taxes
1,127 shares
Tax-withholding disposition on vested restricted shares
Withholding price per share
$13.00 per share
Value used for 1,127 withheld shares
Shares held after transaction
186,389 shares
Direct holdings following tax withholding
Tax-withholding shares count
1,127 shares
Form 4 transactionSummary taxWithholdingShares
Key Terms
tax-withholding disposition, restricted shares, Form 4
3 terms
tax-withholding disposition financial
"The filing characterizes the event as a tax-withholding disposition related to vested restricted shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"The insider transaction is reported on a Form 4 filed for Comstock Resources."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Comstock Resources (CRK) report for Patrick McGough?
Comstock Resources reported that Vice President of Operations Patrick McGough had 1,127 common shares withheld for taxes on vested restricted shares. This Form 4 shows a tax-withholding disposition, not an open-market purchase or sale of stock.
Was the Comstock Resources (CRK) Form 4 a stock sale by Patrick McGough?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were netted to satisfy tax obligations on vested restricted shares, meaning the company withheld 1,127 shares instead of McGough selling them in the market.