PRESLEY DANIEL K 4
Research Summary
AI-generated summary
Comstock (CRK) VP Daniel K. Presley Sells 1,897 Shares for Taxes
What Happened
- Daniel K. Presley, Vice President of Accounting at Comstock Resources, had 1,897 shares withheld to cover tax withholding on vested restricted shares. The shares were disposed at $19.85 each for a total value of $37,655. The transaction is a tax withholding (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-19; filing date: 2026-02-20 (timely filing)
- Price per share: $19.85; shares involved: 1,897; total value: $37,655
- Transaction code: F — shares netted for tax withholdings on vested restricted shares (footnote F1)
- Shares owned after the transaction: not disclosed in the provided excerpt
- This was a net settlement to cover tax liabilities, not a discretionary cash sale
Context
- Netting/sharing withholding (F) is a routine method companies use to satisfy tax obligations when restricted stock vests; it reduces the insider’s share count without an open-market trade. Such transactions are administrative and typically do not signal a change in the insider's view of the company’s prospects.