BURNS ROLAND O 4
Research Summary
AI-generated summary
Comstock (CRK) President Roland Burns: 24,405 Shares Withheld for Taxes
What Happened
Roland O. Burns, President, Chief Financial Officer and a director of Comstock Resources, had 24,405 shares netted/withheld to satisfy tax withholding obligations related to vested restricted shares. The shares were recorded at $13.00 each, for a total value of $317,265; the transaction is reported as a disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-06; Form 4 filed: 2026-06-08 (appears timely under the two-business-day Form 4 rule).
- Price reported: $13.00 per share; total value of withheld shares: $317,265.
- Shares owned after transaction: not specified in the information provided.
- Footnote: F1 — shares were netted for tax withholdings on vested restricted shares (i.e., a share-withholding to cover taxes).
- Transaction type: Code F (tax withholding / net share settlement), reported as a disposition.
Context
This was a routine tax-withholding event tied to vesting of restricted stock rather than an intentional market sale or purchase; such nettings are common and do not necessarily signal insider buying or selling intent. For retail investors, purchases (buys) often carry more directional informational weight than routine withholdings.