Tamboran Resources (TBN) director granted 2,975 RSUs, boosts share holdings
Rhea-AI Filing Summary
Barrett Fredrick J reported acquisition or exercise transactions in this Form 4 filing.
Tamboran Resources director Fredrick J. Barrett received a grant of 2,975 restricted stock units (RSUs) of Common Stock at no cash cost. These RSUs vest on the earlier of June 1, 2027 or the next annual shareholders' meeting, subject to his continued service. After this award, Barrett holds 40,498 shares directly and 32,228 shares indirectly through a joint account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,975 shares
Net Buy
2 txns
Insider
Barrett Fredrick J
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 — 40,498 shares (Direct);
Common Stock — 32,228 shares (Indirect, By Joint Account)
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
RSU grant price: $0.0000 per share
Direct holdings after grant: 40,498 shares
+2 more
5 metrics
RSU grant size
2,975 RSUs
Restricted stock unit award of Common Stock
RSU grant price
$0.0000 per share
Compensation award, not open-market purchase
Direct holdings after grant
40,498 shares
Common Stock directly owned post-transaction
Indirect holdings after update
32,228 shares
Common Stock held indirectly by joint account
RSU vesting date
June 1, 2027
Latest possible vesting date per award terms
Key Terms
restricted stock units, RSUs, grant, award, or other acquisition, indirect ownership, +1 more
5 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
""ownership_type": "indirect""
joint account financial
""nature_of_ownership": "By Joint Account""
FAQ
What insider transaction did Tamboran Resources (TBN) report for Fredrick J. Barrett?
Tamboran Resources reported that director Fredrick J. Barrett received a grant of 2,975 restricted stock units of Common Stock. The award is compensation-based, carries no cash purchase price, and increases his direct holdings while leaving his existing indirect joint-account holdings unchanged.
What are the vesting terms of Fredrick J. Barrett’s RSU award at Tamboran Resources?
The 2,975 restricted stock units vest on the earlier of June 1, 2027 or the date of Tamboran Resources’ next annual shareholders' meeting after the grant date, provided Barrett continues to serve with the company through that vesting date, according to the Form 4 footnote.
What does indirect ownership by joint account mean for Tamboran Resources director Barrett?
Indirect ownership by joint account means some Tamboran Resources shares are held jointly with another party rather than solely in Barrett’s name. The Form 4 lists 32,228 Common Stock shares as indirectly owned through this joint account, separate from his directly held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
