Tamboran director granted 2,975 RSUs
SIEGEL DAVID N reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SIEGEL DAVID N reported acquisition or exercise transactions in this Form 4 filing.
Tamboran Resources director David N. Siegel reported a compensation-related equity grant and updated holdings. He received an award of 2,975 restricted stock units (RSUs), each representing a contingent right to 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, subject to continued service, and settlement of the common stock has been deferred. Following the grant, he directly holds 358,221 shares of Common Stock, with an additional 122,500 shares reported as indirectly owned by his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,975 shares
Grant/Award
2 txns
Insider
SIEGEL DAVID N
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 — 358,221 shares (Direct);
Common Stock — 122,500 shares (Indirect, By Son)
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 RSUs
RSU grant price: $0.0000 per unit
RSU vesting date: June 1, 2027 or earlier annual meeting
+2 more
5 metrics
RSU grant size
2,975 RSUs
Award of restricted stock units to director on June 1, 2026
RSU grant price
$0.0000 per unit
Reported transaction price per RSU for the award
RSU vesting date
June 1, 2027 or earlier annual meeting
Vesting occurs at the earlier of these dates with continued service
Direct holdings after grant
358,221 shares
Common Stock directly held by David N. Siegel after the RSU award
Indirect holdings by son
122,500 shares
Common Stock reported as indirectly owned, described as held by son
Key Terms
restricted stock units ("RSUs"), contingent right, 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.
contingent right financial
"each of which represents a contingent right to receive one share of Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Tamboran Resources (TBN) report for David N. Siegel?
Tamboran Resources reported that director David N. Siegel received an award of 2,975 restricted stock units. Each RSU represents a contingent right to one share of Common Stock, granted as compensation rather than a cash purchase on the open market.
What are the vesting terms of the 2,975 RSUs reported for Tamboran Resources (TBN)?
The 2,975 RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting after the grant date. Vesting requires David N. Siegel’s continued service with Tamboran Resources through the applicable vesting date to receive the underlying common shares.
Did David N. Siegel pay cash for the 2,975 Tamboran Resources (TBN) RSUs?
No, the 2,975 restricted stock units were granted at a reported price of $0.0000 per unit. This indicates a compensation-related equity award, not an open-market purchase, with value realized when the RSUs vest and are settled in common stock.
How are the Tamboran Resources (TBN) RSUs structured for settlement?
Each RSU represents a contingent right to receive one share of Tamboran Resources Common Stock upon vesting. The filing notes that David N. Siegel has deferred receiving the underlying common shares, so actual share delivery will occur later, after the vesting conditions are satisfied.
What indirect Tamboran Resources (TBN) holdings are reported for David N. Siegel?
The Form 4 lists 122,500 shares of Tamboran Resources Common Stock as indirectly owned, described as held “By Son.” This indicates shares attributed through a related person, separate from his 358,221 directly held shares reported in the same filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
