Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 31

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 31
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 regarding our equity compensation plans (each of which has been approved by our stockholders) as of December 31, 2024:

|                                                    |     | Number of securities to be 
 issued upon exercise of    
 outstanding options,       
 warrants and rights (1)    |           |     | Number of securities authorized for future issuance under equity compensation plans (excluding outstanding options, warrants and rights) |         |
| Equity compensation plans approved by stockholders |     |                            | 2,581,510 |     |                                                                                                                                          | 872,099 |

(1) Represents performance stock unit awards that would be issuable upon achievement of the maximum awards under the terms of the performance stock unit awards. New Plan Benefits We have not approved any awards that are conditioned upon stockholder approval of this proposal. Awards to be received by individual participants are not determinable because the compensation committee generally determines the amount and nature of any award under the 2019 Plan in its sole discretion at the time of grant. Our compensation committee anticipates that the 10,000,000 additional shares requested for the 2019 Plan in this Plan proposal (together with the shares available for new award grants under the 2019 Plan and assuming usual levels of shares becoming available for new awards as a result of forfeitures of outstanding awards) will provide us with the flexibility to continue to grant equity awards under the 2019 Plan for approximately five years. However, this is only an estimate based on current circumstances. The total number of awards we grant each year may change based on a number of variables, including the value of our common stock, changes in the compensation practices of our competitors or the market generally, changes in the number of employees and contract employees receiving grants, whether vesting conditions applicable to awards are satisfied, acquisition activity and the need to grant awards to new employees in connection with acquisitions, the need to attract, retain and incentivize key talent, the number of dividend equivalent rights outstanding and the amount and frequency of our dividend payments, the type of awards we grant, and how we choose to balance total compensation between cash and equity-based awards. Aggregate Past Grants Under the 2019 Plan As of April 7, 2025, awards covering 8,107,781 shares of our common stock had been granted under the 2019 Plan. With respect to awards of performance stock units ("PSUs"), the number of shares, as well as the number of shares subject to past awards, vested awards, forfeited awards and outstanding and unvested awards