Tamboran director granted 2,975 RSUs
Elliott Patrick James Dymock reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Elliott Patrick James Dymock reported acquisition or exercise transactions in this Form 4 filing.
Tamboran Resources Corp director Elliott Patrick James Dymock received an equity award in the form of restricted stock units. He was granted 2,975 RSUs, each representing one share of Common Stock at no cash cost. The RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting, provided he continues serving the company.
After this award, Dymock holds 28,482 shares of Common Stock directly. He is also reported as having indirect ownership of 6,944 shares through Panstyn Investments Pty Limited and 117,730 shares through Pat Elliott (Tamboran) Limited, reflecting both personal and entity-associated positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,975 shares
Grant/Award
3 txns
Insider
Elliott Patrick James Dymock
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,975 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,482 shares (Direct);
Common Stock — 117,730 shares (Indirect, By Pat Elliott (Tamboran) Limited);
Common Stock — 6,944 shares (Indirect, By Panstyn Investments Pty Limited)
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.
Key Figures
RSU grant size: 2,975 RSUs
Grant price: $0.0000 per share
RSU vesting date: June 1, 2027
+3 more
6 metrics
RSU grant size
2,975 RSUs
Award to director Elliott Patrick James Dymock
Grant price
$0.0000 per share
RSUs granted at no cash cost
RSU vesting date
June 1, 2027
Or earlier at next annual shareholders' meeting
Direct holdings after grant
28,482 shares
Common Stock directly owned by Dymock
Indirect holdings via Panstyn
6,944 shares
Held by Panstyn Investments Pty Limited
Indirect holdings via Pat Elliott (Tamboran) Limited
117,730 shares
Entity-associated ownership
Key Terms
restricted stock units ("RSUs"), Common Stock, annual shareholders' meeting
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
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.
Common Stock financial
"each of which represents a contingent right to receive one share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Tamboran Resources (TBN) report for Elliott Patrick James Dymock?
Tamboran Resources reported that director Elliott Patrick James Dymock received 2,975 restricted stock units. Each unit represents one share of Common Stock and was granted at no cash cost as a form of equity-based compensation tied to his continued service.
When do the new RSUs granted to Tamboran Resources director Dymock vest?
The 2,975 RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting. Vesting is contingent on Dymock continuing to serve Tamboran Resources through the applicable vesting date under the award’s terms.
Is the Tamboran Resources (TBN) Form 4 transaction an open-market stock purchase or sale?
The Form 4 shows a grant of 2,975 restricted stock units to director Dymock, not an open-market purchase or sale. RSU awards are a form of share-based compensation that convert into shares upon vesting rather than being bought in the market.
What conditions apply to the RSUs granted to Tamboran Resources director Dymock?
The RSUs will vest only if Dymock continues serving Tamboran Resources until either June 1, 2027 or the date of the next annual shareholders' meeting, whichever comes first. Each vested RSU entitles him to receive one share of Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
