SHEFFIELD SCOTT D 4

What Happened Scott D. Sheffield, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on 2026-06-01. The reported acquisition price is $0.00 (no cash paid); the grant value is therefore recorded as $0 on the Form 4. This is an award/grant (code A), not a market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely).
• Grant: 2,975 RSUs at $0.00 reported (total reported cash value = $0).
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: Each RSU represents a contingent right to one common share. The RSUs vest on the earlier of (i) June 1, 2027 or (ii) the date of the next annual shareholders' meeting, and vesting is contingent on continued service. The reporting person has deferred receiving the underlying common stock.

Context RSUs are a form of equity compensation that convert to shares only after vesting; because the recipient deferred receiving the stock, no actual shares were issued to Sheffield at grant date. This type of award is routine compensation for insiders and should be viewed as an equity grant rather than a market buy or sell.