Bieberly Matthew J 4

What Happened

• Matthew J. Bieberly, Chief Accounting Officer of Comstock, received two equity awards on June 15, 2026: 92,234 Performance Stock Units (PSUs) and 36,838 Restricted Stock Units (RSUs). Both awards show an acquisition price of $0.00 (typical for compensation grants) and are reported as derivative awards (transaction code A).
• These grants are not sales or open-market purchases — they are compensation awards that do not generate immediate proceeds for the insider.

Key Details

• Transaction date: 2026-06-15; Form filed 2026-06-17 (appears timely).
• Instrument & amounts: 92,234 PSUs and 36,838 RSUs; reported acquisition price $0.00 (derivative awards).
• Shares owned after transaction: Not specified in the provided filing summary.
• Notable footnotes:
  • PSUs convert to one share each only if performance targets tied to specified stock-price appreciation over a three-year program are met (F1, F3).
  • RSUs convert to one share each but vest one-third on each of June 30, 2027, 2028 and 2029, subject to continued employment and limited exceptions (F2, F4).
• No 10b5-1 plan, tax withholding sale, or exercise-for-cash event is indicated in the filing summary.

Context

• PSUs are performance-contingent equity: they only become shares if specified stock-price goals are met and the employee remains employed through the performance period (vesting tied to June 30, 2029).
• RSUs are time-based and vest in thirds over three years, subject to continued employment; they are forfeitable if the employee leaves before vesting (with limited exceptions).
• These awards reflect compensation design (long-term incentives) rather than an insider buying or selling stock; they do not by themselves signal a near-term trading intent.