Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 40

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 40
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. Turner, Chairman |
| Elizabeth B. Davis      |
| Morris E. Foster        |

Compensation Discussion and Analysis (CD&A) This CD&A provides a description of the elements and key features of our compensation program, as well as context and rationale for decisions made with respect to the compensation for our Named Executive Officers ("NEOs") for the year ended December 31, 2024, who are identified below:

| Name               |     | Principal Position                    |
| M. Jay Allison     |     | Chief Executive Officer               |
| Roland O. Burns    |     | President and Chief Financial Officer |
| Daniel S. Harrison |     | Chief Operating Officer               |
| Clifford D. Newell |     | Chief Commercial Officer              |
| Daniel K. Presley  |     | Vice President of Accounting          |

Our executive compensation programs are intended to align pay outcomes with performance achievements, grow stockholder value, attract and retain executive talent and support our business strategy. We believe that our executive compensation programs as currently designed to align our executives' pay with Company performance, stockholder expectations and prevailing market practices.

| 2024 Accomplishments |

• Successfully navigated the 2024 low gas price environment by: ▪ Substantially reducing capital spending in 2024 by releasing two operated rigs and one frac spread; ▪ Suspending quarterly dividend to conserve cash flow; ▪ Increasing hedging program to realize a 20% increase in our 2024 natural gas price and to safeguard 50% of our 2025 and 2026 expected production; ▪ Raising $100.5 million through an equity private placement; and ▪ Enhancing liquidity with a $400 million senior notes offering. • More than doubled our Western Haynesville footprint by adding 265,000 net acres at a cost of $401 per acre. • Continued to prove up the Western Haynesville: ▪ Successfully turned eleven Western Haynesville wells to sales with an average per well initial production rate of 38 MMcf per day; and ▪ Substantially reduced drilling and completion costs in the new play.

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• Produced solid drilling results and reserve growth in a low activity year: ▪ Drilled 50 (42.9 net) successful operated Haynesville/Bossier wells in 2024 with strong IP rates of 26 MMcf per day on average; and ▪ Replaced 170% of 2024 production and drove 6% reserve growth