PACE PHILLIP Z 4

What Happened

• Phillip Z. Pace, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on June 1, 2026. The reported acquisition price is $0.00, so there was no cash consideration at grant. The award is an equity compensation grant (an A-type transaction), not an open-market purchase or sale.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026.
• Grant: 2,975 RSUs; reported price $0.00; total reported value $0 at grant.
• Vesting: RSUs vest on the earlier of (i) June 1, 2027 or (ii) the date of the next annual shareholders’ meeting after the grant date, subject to continued service.
• Delivery: Reporting person has deferred receiving the underlying common stock (per footnote).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 was submitted two days after the grant date (standard reporting window).

Context

• RSUs are a contingent right to receive common stock in the future if vesting conditions are met; they are common compensation for directors and executives and do not represent an immediate sale or purchase of shares.
• Because the award vests in the future and the stock was deferred, this transaction does not provide immediate liquidity or a change in market exposure until shares are delivered.