Tamboran director awarded 2,975 RSUs in stock grant
Tamboran Resources Corp director Jeffrey Lance Bellman reported an equity award and updated holdings.
Rhea-AI Filing Summary
Tamboran Resources Corp director Jeffrey Lance Bellman reported an equity award and updated holdings. He received 2,975 restricted stock units (RSUs), each representing one share of common stock, as a grant or award acquisition with no cash price per share.
The RSUs will vest on the earlier of June 1, 2027 or the date of the next annual shareholders' meeting, subject to his continued service, and he has deferred receiving the underlying common stock. After this award, he holds 23,234 shares of common stock directly, and 500 additional shares are held indirectly through the Bellman 2010 Trust, where he is a beneficiary and co-trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,975 shares
Grant/Award
2 txns
Insider
Bellman Jeffrey Lance
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,975 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,234 shares (Direct);
Common Stock — 500 shares (Indirect, By Bellman 2010 Trust)
Footnotes (2)
- F1. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Common Stock. The RSUs will vest on the earlier of (i) June 1, 2027 and (ii) the date of the next annual shareholders' meeting occurring after the grant date, subject to the Reporting Person's continued service with the Issuer through such vesting date. The Reporting Person has deferred receiving the Common Stock.
- F2. These securities are held indirectly by the Reporting Person through the Bellman 2010 Trust (the "Trust"), for which the Reporting Person and his spouse are trustees. The Reporting Person is a beneficiary of the Trust and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 2,975 RSUs
RSU vesting date: June 1, 2027
Direct shares after grant: 23,234 shares
+2 more
5 metrics
RSU grant size
2,975 RSUs
Award to director Jeffrey Lance Bellman
RSU vesting date
June 1, 2027
Latest possible vesting; or next annual meeting if earlier
Direct shares after grant
23,234 shares
Common stock directly held following the RSU award
Indirect trust shares
500 shares
Common stock held via Bellman 2010 Trust
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units ("RSUs"), beneficial ownership, pecuniary interest
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
beneficial ownership regulatory
"The Reporting Person is a beneficiary of the Trust and disclaims beneficial ownership of the securities..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Tamboran Resources (TBN) director Jeffrey Lance Bellman report on this Form 4?
He reported an equity grant of 2,975 restricted stock units and updated shareholdings. The filing shows his direct and indirect ownership in Tamboran Resources Corp common stock after the grant-based acquisition.
How many restricted stock units did TBN grant to director Jeffrey Lance Bellman?
Tamboran Resources granted 2,975 restricted stock units to director Jeffrey Lance Bellman. Each RSU represents a contingent right to receive one share of common stock, subject to future vesting conditions tied to service.
When do Jeffrey Lance Bellman’s 2,975 RSUs in Tamboran Resources vest?
The 2,975 RSUs vest on the earlier of June 1, 2027 or the date of the next annual shareholders' meeting. Vesting requires Bellman’s continued service with Tamboran Resources through the applicable vesting date.
Is Jeffrey Lance Bellman’s Form 4 transaction a market purchase or sale of TBN stock?
The filing shows a grant or award acquisition of 2,975 RSUs, not an open-market purchase or sale. The RSUs are compensation-related and will convert into shares only upon future vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
