Comstock Resources (CRK) CEO uses 35,879 shares to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Comstock Resources Chairman and CEO Jay Allison reported a compensation-related share adjustment. On vested restricted shares, 35,879 shares of common stock were withheld at $13.00 per share to satisfy tax obligations, a non-market transaction. After this tax withholding, he directly holds 2,798,719 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ALLISON M JAY
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,879 | $13.00 | $466K |
Holdings After Transaction:
Common Stock — 2,798,719 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 35,879 shares
Withholding price: $13.00/share
Shares owned after transaction: 2,798,719 shares
3 metrics
Shares withheld for taxes
35,879 shares
Common stock withheld for tax obligations on vested restricted shares
Withholding price
$13.00/share
Value used for tax-withholding disposition of common stock
Shares owned after transaction
2,798,719 shares
Common shares directly owned by CEO Jay Allison after withholding
Key Terms
tax withholdings, vested restricted shares, tax-withholding disposition
3 terms
tax withholdings financial
"Shares netted for tax withholdings on vested restricted shares."
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition""
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.
FAQ
What insider transaction did Comstock Resources (CRK) report for Jay Allison?
Comstock Resources reported that CEO Jay Allison had 35,879 common shares withheld at $13.00 per share to cover taxes on vested restricted stock, a routine compensation-related adjustment rather than an open-market sale, leaving him with 2,798,719 shares directly owned.
What does the F transaction code mean in the Comstock Resources Form 4?
The F code indicates shares were disposed of to cover exercise price or tax liability. In this case, 35,879 common shares were withheld at $13.00 per share to pay taxes on vested restricted stock, rather than being sold in the open market by the CEO.