McGough Patrick 4
Research Summary
AI-generated summary
Comstock (CRK) VP Patrick McGough Withholds 1,312 Shares for Taxes
What Happened
- Patrick McGough, Vice President of Operations at Comstock Resources, had 1,312 restricted shares netted (withheld) to cover tax withholding related to vested awards. The shares were recorded at $19.18 each, for a total value of $25,164. This was a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: 2026-02-12 — 1,312 shares netted at $19.18/share (total $25,164).
- Filing date: Form 4 filed 2026-02-18 (transaction occurred 6 days earlier); Form 4s are generally required within two business days, so this filing appears later than typical.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — shares were netted for tax withholdings on vested restricted shares (cashless/withholding method).
Context
- This is a routine tax-withholding event when restricted stock vests; shares are retained by the company to cover tax obligations rather than sold in the open market by the insider. Such transactions are administrative and do not necessarily indicate the insider’s view on the company’s stock.