Barrett Fredrick J 4

What Happened
Fredrick J. Barrett, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on June 1, 2026. The award was reported as an acquisition (transaction code A) at $0.00 per unit — no cash was exchanged at grant. The filing shows an acquisition value of $0 for the award itself; any realized value will depend on the company’s share price when (and if) the RSUs vest and convert to shares.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears to be filed within the normal reporting window).
• Security: 2,975 RSUs granted; reported price per unit: $0.00.
• 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, contingent on Barrett’s continued service (see footnote).
• Shares owned after transaction: not specified in the filing.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context
RSUs are a promise to deliver shares in the future if vesting conditions are met; they are not an immediate cash purchase or sale and do not necessarily signal intent to buy or sell stock. The economic benefit to the insider will be determined when (and if) the RSUs vest and convert to actual shares.