Tamboran Resources (TBN) Director Phillip Z. Pace Receives 23,809 Shares

What Happened

Phillip Z. Pace, a director of Tamboran Resources Corp (TBN), received an award/grant of 23,809 shares on January 16, 2026. The grant was recorded at $21.00 per share for a total reported value of $499,989. This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-16; filing date (Form 4): 2026-01-21.
• Price/value: 23,809 shares × $21.00 = $499,989.
• Transaction code: A (award/grant).
• Shares owned after transaction: not specified in the information provided.
• Timeliness: Filed five days after the transaction — appears late under the typical Section 16 Form 4 2-business-day reporting requirement.

Context

An "award/grant" to a director is typically part of compensation and does not by itself signal a buy or sell decision in the market. Retail investors should note the grant increases insider ownership but check the company's proxy or subsequent filings for vesting terms, restrictions, or related compensation details. The late filing affects how promptly the market learned of the transaction but does not change the substance of the grant.