Elliott Patrick James Dymock 4
Research Summary
AI-generated summary
Tamboran (TBN) Director Elliott Dymock Receives RSU Award
What Happened
Elliott Patrick James Dymock, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on 2026-06-01. The Form 4 reports an acquisition price of $0 for the award (transaction code A), so the reported cash value on the filing is $0.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (appears timely).
- Security: 2,975 RSUs (each RSU converts into one share upon vesting).
- Price: $0.00 per unit; reported acquisition value $0.
- 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 Dymock’s continued service (per footnote).
- Shares owned after the transaction: not specified in the provided details.
- Transaction code: A = Award/Grant.
Context
RSU grants are compensation awards that represent a contingent right to receive shares if vesting conditions are met; they are common for directors and executives and do not by themselves indicate a buy or sell signal. This filing documents the grant and its vesting terms rather than an immediate purchase or sale.