Form 4: Tamboran Resources Director Acquires Restricted Stock Units

Director Patrick James Dymock Elliott acquired 2,309 restricted stock units in Tamboran Resources Corp on January 31, 2025.

Summary

• Patrick James Dymock Elliott, a director of Tamboran Resources Corp, acquired 2,309 restricted stock units (RSUs) on January 31, 2025.
• These RSUs represent a contingent right to receive one share of common stock each.
• The RSUs will vest in full on the one-year anniversary of the grant date.
• Following this transaction, Mr. Elliott directly owns 18,692 shares of common stock.
• He also indirectly owns 117,730 shares through Yeronda Nominees Pty Ltd and 6,944 shares through Panstyn Investments Pty Limited.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director acquiring RSUs, which is generally viewed positively as it aligns the director's interests with the company's performance. There are no negative implications.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign of confidence in the company's future performance.
• The vesting period of one year aligns the director's interests with the long-term success of the company.

Future Outlook

The restricted stock units will vest in full on the one-year anniversary of the grant date.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies when they acquire or dispose of company securities. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• The acquisition of restricted stock units by directors is a common practice in publicly listed companies as part of their compensation packages.
• The vesting period of one year is also a standard practice to align the interests of the directors with the long-term performance of the company.
• Similar filings are regularly made by directors and officers of comparable companies such as Santos, Woodside, and Beach Energy.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it indicates confidence in the company's future.

Key Dates

Keywords

Tamboran Resources, Director, Restricted Stock Units, RSUs, Beneficial Ownership, Equity, Stock, TBN