Form 4: Comstock Resources Inc: Officer McGough Reports Stock Transactions

Patrick McGough, Vice President of Operations at Comstock Resources Inc, reports acquisition and disposal of common stock due to performance share units and tax withholdings.

Summary

• On June 7, 2024, Patrick McGough, Vice President of Operations at Comstock Resources Inc, reported transactions involving the company's common stock.
• 1,637 shares were disposed of to cover tax withholdings at a price of $11.7 per share.
• 37,328 shares were acquired from performance share units at $0.00.
• 9,089 shares were disposed of to cover income tax withholdings at a price of $11.7 per share.
• Following these transactions, McGough beneficially owns 207,322 shares of Comstock Resources Inc.
• The transactions were reported on Form 4, filed with the SEC on June 10, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock transactions related to compensation and tax obligations.

Positives

• McGough acquired 37,328 shares from performance share units, indicating achievement of performance goals.

Industry Context

Form 4 filings are standard practice for company insiders to report their transactions in company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates