SIEGEL DAVID N 4
4 · Tamboran Resources Corp · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Tamboran (TBN) Director David N. Siegel Receives RSU Award
What Happened
David N. Siegel, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports an acquisition-type award (code A) with an acquisition price of $0.00 (no cash paid at grant). The RSUs represent contingent rights to receive one share of common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (Form 4 Accession: 0001193125-26-256197). Filing appears timely.
- Award: 2,975 RSUs; reported acquisition price $0.00.
- Shares owned after transaction: not disclosed on the filing.
- Footnote: RSUs vest on the earlier of (i) June 1, 2027 or (ii) the date of the next annual shareholders' meeting, subject to continued service. The Reporting Person has deferred receiving the underlying common stock.
Context
RSUs are a compensation award that convert to shares only if vesting conditions are met; they do not represent immediate free trading shares and are different from an open-market purchase or sale. Because this is a grant (not a purchase or sale), it should be viewed as routine equity compensation rather than a direct signal of insider buying or selling.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+2,975→ 358,221 total
- 122,500(indirect: By Son)
Common Stock
Footnotes (1)
- [F1]Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Common Stock. The RSUs will vest on the earlier of (i) June 1, 2027 and (ii) the date of the next annual shareholders' meeting occurring after the grant date, subject to the Reporting Person's continued service with the Issuer through such vesting date. The Reporting Person has deferred receiving the Common Stock.