TURNER JIM L 4
Research Summary
AI-generated summary
COMSTOCK (CRK) Director Jim L. Turner Receives Restricted Stock Award
What Happened
Jim L. Turner, a director of Comstock Resources, received a restricted stock award of 14,870 shares on June 2, 2026. The award is recorded at $13.45 per share for a total value of $200,002. This was an equity grant (Form 4 code A), not an open‑market purchase or sale.
Key Details
- Transaction date: June 2, 2026; Filing date: June 3, 2026 (timely filing).
- Shares granted: 14,870; grant price per share: $13.45; total reported value: $200,002.
- Transaction code: A (award/grant/acquisition).
- Shares owned after the transaction: Not specified in the provided filing details.
- Footnote: Restricted stock award vests after one year of service (F1).
- No indication this was a 10b5‑1 sale, tax withholding, or cashless exercise — it is a compensation award.
Context
Restricted stock awards are common components of executive/director compensation and typically vest over time; they do not represent immediately marketable purchases and should be viewed as compensation rather than a direct market bet. Because this grant vests after one year, Turner cannot freely sell the shares until vesting conditions are met (absent other arrangements).