Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 45

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 45
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. $2.3 million was awarded to the CEO and the balance to the other executive officers, with the NEOs' bonuses being shown in the "Bonus" column of the "Summary Compensation Table" below. During 2024, management was able to add approximately 265,000 net acres in the Western Haynesville exploratory play at a cost of $401 per net acre.

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Determination of Long-term Incentive Awards Each year, we grant LTI awards to our NEOs to align the interests of our NEOs with the interests of our stockholders, provide competitive total compensation opportunities and support the attraction and retention of key talent. Long-term incentive awards are governed under the terms of the Company's 2019 Long-term Incentive Plan (the "2019 Plan"). The compensation committee approved NEOs' 2024 target LTI award values taking into account market competitive data, individual performance and the roles and responsibilities of each NEO. In recent years, the compensation committee’s practice has generally been to grant annual long-term incentive awards at its first meeting after the prior year financial results have been approved by the audit committee, which is usually scheduled well in advance . Additionally, the compensation committee retains discretion to grant equity awards at other times when and as it may determine to be appropriate. The release of material nonpublic information is not taken into account in determining the timing and terms of equity award grants , and the Company does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. 2024 Restricted Stock Awards. In 2024, the committee approved grants of restricted shares for the NEOs as follows:

| Executive                                              |     | Restricted   
 Stock Awards 
 (Shares)(1)  |         |     | (Grant Date   
 Target Value) |           |
|:-------------------------------------------------------|:----|:-------------|--------:|:----|:--------------|----------:|
| M. Jay Allison, Chief Executive Officer                |     |              | 463,220 |     | $             | 3,534,369 |
| Roland O. Burns, President and Chief Financial Officer |     |              | 237,564 |     | $             | 1,812,613 |
| Daniel S. Harrison, Chief Operating Officer            |     |              |  90,105 |     | $             |   687,501 |
| Clifford D. Newell, Chief Commercial Officer           |     |              |