Form 4: Director Patrick Elliott Receives Tamboran RSU Grant

Director Patrick James Dymock Elliott acquired 1,813 restricted stock units in Tamboran Resources Corp as part of an equity award.

Summary

• Director Patrick James Dymock Elliott was granted 1,813 restricted stock units (RSUs) on May 26, 2026.
• Each RSU represents a contingent right to receive one share of Common Stock.
• The RSUs are scheduled to vest in full on January 1, 2027.
• Following this transaction, the director holds 25,507 shares directly, with additional indirect holdings through Yeronda Nominees Pty Ltd (117,730 shares) and Panstyn Investments Pty Limited (6,944 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Director alignment with shareholder interests through equity-based compensation.

Negatives

• None identified.

Risks

• Standard market risks associated with equity ownership in the energy sector.

Future Outlook

The RSUs will vest on January 1, 2027, at which point the director will receive the underlying shares.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to align board incentives with long-term shareholder value in the oil and gas exploration sector.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices for publicly traded companies listed on major U.S. exchanges.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation award.

Next Steps

• Vesting of RSUs on January 1, 2027.

Key Dates

Keywords

Tamboran Resources, TBN, Insider Trading, Form 4, Director Compensation, Restricted Stock Units