Comstock Inc. 8-K

What Happened
Comstock Inc. announced on January 5, 2026 (filed via Form 8‑K on January 7, 2026) that it granted a total of 463,721 common shares to its non‑employee directors as payment for annual director services covering the period from January 1, 2022 through March 31, 2026. The grants were made under the shareholder‑approved Comstock Inc. 2020 and 2022 Equity Incentive Plans. Individual awards were: Walter A. Marting — 90,481 shares; William J. Nance — 90,481 shares; Leo M. Drozdoff — 90,481 shares; Guez J. Salinas — 89,262 shares; Kristin M. Slanina — 103,016 shares. All non‑employee directors elected to take previously earned and accrued compensation in common shares and agreed to raise their ownership guidelines. Going forward, stock‑based compensation for these director services will be paid quarterly.

Key Details

• Total shares granted: 463,721 common shares.
• Grant date / disclosure: January 5, 2026 (8‑K filed January 7, 2026).
• Covered service period: January 1, 2022 through March 31, 2026.
• Grants made under: Comstock Inc. 2020 and 2022 Equity Incentive Plans.
• Directors elected share payment for prior accrued fees; future director pay converted to quarterly stock‑based compensation.

Why It Matters
This is a non‑cash compensation action that increases outstanding equity and can be dilutive to existing shareholders. Paying directors in shares preserves company cash but raises stock‑based compensation expense and will affect share count and basic earnings per share calculations. The directors’ election to receive shares and to increase ownership guidelines signals board alignment with shareholders, while the move to quarterly stock payments changes how director compensation will be recorded and issued going forward.