Form 4: Tamboran Resources Director Stephanie L. Reed Acquires Restricted Stock Units

Director Stephanie L. Reed of Tamboran Resources Corp. was granted 4,227 restricted stock units (RSUs) on January 31, 2025.

Summary

• Stephanie L. Reed, a director at Tamboran Resources Corp., received 4,227 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, Ms. Reed now beneficially owns a total of 12,477 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting RSUs to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.
• The vesting period of one year encourages the director's continued engagement and contribution to the company.

Future Outlook

The RSUs will vest in full on the one-year anniversary of the grant date, which will result in the issuance of common stock to the director.

Industry Context

The granting of restricted stock units is a common practice for compensating directors and aligning their interests with shareholders in the energy sector.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice across many industries, including the energy sector, to incentivize performance and align interests with shareholders.
• Companies like Santos, Woodside, and Beach Energy also use equity-based compensation for their directors, often with similar vesting schedules.
• The size of the grant is typical for a director's compensation package, but the specific value will depend on the stock price at the time of vesting.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting of the RSUs will increase the number of shares outstanding, which could have a minor dilutive effect on existing shareholders.

Next Steps

• The RSUs will vest on the one-year anniversary of the grant date, resulting in the issuance of common stock to Stephanie L. Reed.

Key Dates

Keywords

Restricted Stock Units, RSU, Director, Beneficial Ownership, Tamboran Resources, Equity Compensation, Stock Grant, TBN