Tamboran Resources (TBN) director granted 1,813 restricted shares vesting in 2027
Rhea-AI Filing Summary
Barrett Fredrick J reported acquisition or exercise transactions in this Form 4 filing.
Tamboran Resources Corp director Fredrick J. Barrett reported a stock-based compensation grant. He received 1,813 shares of common stock as a restricted stock award at a stated price of $0.0000 per share, increasing his direct holdings to 37,523 shares. A separate line shows 32,228 shares held indirectly through a joint account. The footnote explains that the restricted stock will vest in full on January 1, 2027, indicating this is a time-based equity incentive rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases director’s stake with time-based vesting.
The filing shows director Fredrick J. Barrett receiving a 1,813-share restricted stock award in Tamboran Resources Corp. The grant carries a stated price of $0.0000 per share, typical for equity compensation rather than a cash transaction.
The footnote states the restricted stock will vest fully on January 1, 2027, so Barrett’s ability to sell these shares depends on meeting the time-based vesting condition. After this award, he holds 37,523 shares directly, plus 32,228 indirectly via a joint account.
This pattern is consistent with standard director compensation and does not represent an open-market buy or sell. Future company filings may update on additional equity awards or changes in his direct and indirect holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,813 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents an award of restricted stock. The restricted stock will vest in full on January 1, 2027.
Key Figures
Key Terms
restricted stock financial
grant, award, or other acquisition financial
indirect ownership financial
Form 4 regulatory
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