Comstock Resources (CRK) VP has 1,897 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Comstock Resources vice president of accounting Daniel K. Presley reported a Form 4 showing a tax-withholding disposition of 1,897 shares of common stock on restricted stock vesting. The shares were netted to cover tax withholdings at a reference price of $19.85 per share, rather than sold in an open-market trade. After this transaction, Presley directly held 268,257 shares of Comstock Resources common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PRESLEY DANIEL K
Role
VP of Accounting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,897 | $19.85 | $38K |
Holdings After Transaction:
Common Stock — 268,257 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Comstock Resources (CRK) report for Daniel K. Presley?
Comstock Resources reported that VP of Accounting Daniel K. Presley had 1,897 shares withheld to cover taxes on vested restricted stock. This Form 4 reflects a tax-withholding disposition, not an open-market purchase or sale, and is a routine administrative equity compensation event.
Was the Comstock Resources (CRK) Form 4 a normal open-market sale?
No, the Form 4 describes a tax-withholding disposition, not a normal open-market sale. Shares from vested restricted stock were netted to satisfy tax obligations, a common administrative step when equity awards vest for company executives.
What does transaction code F mean in the Comstock Resources (CRK) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, it shows Comstock withheld shares from vested restricted stock to satisfy Presley’s tax obligations, rather than him selling shares on the open market.