Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 23

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 23
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 Company and our stockholders, as well as the skill level required by our directors. Employee directors receive no additional compensation for serving on our Board. During 2024, non-employee directors received an annual retainer of $83,000 and an annual equity grant with a value of $175,000 and the committee chairman received an additional annual retainer of $31,500, $20,750 and $15,000 for the audit, compensation and corporate governance/nominating committees, respectively. The Lead Director also received an additional $37,000 annual retainer in 2024. The following table sets forth the compensation of our non-employee directors for services during 2024:

| Director           |     | Fees Earned 
 or Paid     
 in Cash     |         |     | Stock        
 Awards(1)(2) |         |     | Total |         |
|:-------------------|:----|:------------|--------:|:----|:-------------|--------:|:----|:------|--------:|
| Elizabeth B. Davis |     | $           | 114,500 |     | $            | 175,000 |     | $     | 289,500 |
| Morris E. Foster   |     | $           |  98,000 |     | $            | 175,000 |     | $     | 273,000 |
| Jim L. Turner      |     | $           | 140,750 |     | $            | 175,000 |     | $     | 315,750 |

(1) Represents the grant date fair value of an award of 14,391 restricted shares granted to each non-employee director on June 11, 2024 as determined in accordance with applicable accounting rules. For the assumptions used by the Company to value equity awards granted in 2024, see Note 7 (“Stock-Based Compensation”) to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K filed with the SEC on February 21, 2025. These awards will vest on June 10, 2025. (2) Each non-employee director held 14,391 shares of unvested restricted shares as of December 31, 2024. No non-employee director held any other unvested equity awards as of that date.

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| PROPOSAL 2 | TO APPROVE AN AMENDMENT TO THE 2019 LONG-TERM