Tamboran director awarded 2,975 RSUs
STONEBURNER RICHARD K reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
STONEBURNER RICHARD K reported acquisition or exercise transactions in this Form 4 filing.
Tamboran Resources Corp director Richard K. Stoneburner reported an equity award and updated holdings. He received 2,975 shares of Common Stock in the form of restricted stock units at no cash cost. These RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting, contingent on continued service, and he has deferred share delivery.
After this grant, Stoneburner directly holds 107,704 shares of Common Stock and indirectly holds 14,724 shares through his spouse. The filing reflects a compensation-related award rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,975 shares
Grant/Award
2 txns
Insider
STONEBURNER RICHARD K
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 — 107,704 shares (Direct);
Common Stock — 14,724 shares (Indirect, By Spouse)
Footnotes (1)
- 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.
Key Figures
RSU grant size: 2,975 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 107,704 shares
+3 more
6 metrics
RSU grant size
2,975 shares
Restricted stock units of Common Stock granted to director
Grant price per share
$0.0000 per share
Reported price for RSU award acquisition
Direct holdings after grant
107,704 shares
Common Stock directly held following RSU award
Indirect holdings via spouse
14,724 shares
Common Stock held indirectly by spouse as of transaction date
RSU vesting date
June 1, 2027
Latest vesting date, or earlier next annual shareholders' meeting
Transaction code
A
Grant, award, or other acquisition of non-derivative Common Stock
Key Terms
restricted stock units ("RSUs"), contingent right, vest, annual shareholders' meeting, +2 more
6 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.
contingent right financial
"each of which represents a contingent right to receive one share of Common Stock"
vest financial
"The RSUs will vest on the earlier of (i) June 1, 2027 and (ii) the date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to the Reporting Person's continued service with the Issuer through such vesting date"
indirect ownership financial
"total_shares_following_transaction": "14724.0000" ... "nature_of_ownership": "By Spouse""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Tamboran Resources (TBN) report for Richard K. Stoneburner?
Tamboran Resources reported that director Richard K. Stoneburner received 2,975 restricted stock units of Common Stock. The award is a compensation-related grant at no cash cost, increasing his direct holdings and reflecting equity-based director compensation rather than an open-market trade.
What are the vesting terms of the 2,975 RSUs granted to the Tamboran Resources (TBN) director?
The 2,975 restricted stock units vest on the earlier of June 1, 2027 or the date of the next annual shareholders' meeting. Vesting is subject to Stoneburner’s continued service with Tamboran Resources through the applicable vesting date, aligning the award with board tenure.
What does it mean that the Tamboran Resources (TBN) director deferred receiving the Common Stock?
Deferring receipt means Stoneburner will not immediately take delivery of the shares underlying the RSUs. Instead, the shares will be delivered after vesting, consistent with the company’s equity compensation and deferral provisions described in the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
