Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 42

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 42
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 to date in 2025.

| Advisory Vote on Executive Compensation |

At the Company's 2023 Annual Meeting of Stockholders, 99% of shares present at the meeting for purposes of the proposal were voted to approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for that meeting. The next advisory stockholder voted on executive compensation is scheduled to be held at the 2026 Annual Meeting of Stockholders.

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| Compensation Components |

The purpose and key features of each component of our executive compensation program are summarized below:

| Component                                      | Objective                                                                                                                                                                                                                                          | Key Features                                                                                                                                                                                                                         |
| Base Salary                                    | Reflects each executive's level of responsibility, leadership, tenure, and contribution to the achievement of the Company's business objectives and is designed to be competitive with our peer group.                                             | Fixed compensation that is reviewed annually and adjusted as appropriate.                                                                                                                                                            |
| Annual Incentive Award                         | Measures and rewards achievement of short-term performance goals that apply to the annual business plan.                                                                                                                                           | Performance-based cash incentives are based on the achievement of performance goals.                                                                                                                                                 |
| Transaction Bonus                              | Rewards the execution of certain significant strategic transactions.                                                                                                                                                                               | Cash incentive based on the closing of significant strategic transactions.                                                                                                                                                           |
| Restricted Stock Awards                        | Motivates our executive officers to achieve our business objectives by tying incentives to the performance of our common stock over the long term; motivates our executive officers to remain with the Company over the vesting period.            | Restricted stock awards which vest over three years under which the ultimate value realized varies with our common stock price.                                                                                                      |
| Performance-based Restricted Stock Unit Awards | Aligns the long-term interests of our executive officers with our stockholders by determining the number of shares earned for each three-year performance period based on our TSR relative to a peer group selected by the compensation committee. | The ultimate number of units earned is based on the achievement of our TSR relative to the peer group.                                                                                                                               |
| Deferred Compensation Plan                     | Provides retirement savings and life insurance protection for our executive officers.                                                                                                                                                              | The Company's contributions each year equal 5% of each executive's salary and prior year's bonus, used to purchase life insurance coverage.                                                                                          |
| Employment Agreements                          | Provide industry appropriate post-termination compensation in certain circumstances to our CEO and President.                                                                                                                                      | Severance benefits related to a change in control require that the executive's employment has been invol