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Companies Comstock Resources Inc

Comstock Resources (CRK): executive pay, fiscal 2025

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CEO total pay$21,934,257CEO M. Jay Allison · source
Say-on-pay support99.8%Latest vote · source
CEO vs. named peers99th pct.Of 23 peer CEOs
CEO pay ratio142:1To the median employee · source

CEO pay, last three years

  • $9,916,144FY2023
  • $12,535,532FY2024
  • $21,934,257FY2025

CEO total pay was $21,934,257 in fiscal 2025, up from $12,535,532 in fiscal 2024.

FY2025: salary $1,039,500 · bonus $1,271,290 · stock awards $16,549,171 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Comstock Resources Inc in fiscal 2025?
As disclosed, M. Jay Allison (Chief Executive Officer) was the highest-paid executive at Comstock Resources Inc in fiscal 2025, with total compensation of $21,934,257.
How does Comstock Resources Inc's chief executive pay compare to its disclosed peer group?
As disclosed, M. Jay Allison's total compensation ranked at the 99th percentile of Comstock Resources Inc's disclosed peer group.
What is Comstock Resources Inc's CEO-to-median employee pay ratio?
As disclosed, Comstock Resources Inc's CEO-to-median employee pay ratio was 142:1.
How did shareholders vote on Comstock Resources Inc's executive compensation?
As disclosed, 99.8% of shareholders supported Comstock Resources Inc's executive compensation in the latest say-on-pay vote.
How much does Comstock Resources Inc spend in total on board compensation for fiscal 2025?
As disclosed, Comstock Resources Inc reported total board compensation of $966,250 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
M. Jay Allison$1,039,500$1,271,290$16,549,171$0$2,013,512$729,657$331,127$21,934,257
Chief Executive Officer
Roland Burns656,000647,9935,027,80701,026,312481,538172,9938,012,643
President and Chief Financial Officer
Daniel Harrison577,500516,1222,655,7040817,45145,16725,2934,637,237
Chief Operating Officer
Clifford D. "Trey" Newell472,500377,8311,448,5610598,4217,35221,7842,926,449
Chief Commercial Officer
Patrick McGough378,000266,704724,2530422,41519,32121,8441,832,537
Vice President of Operations

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
M. Jay Allison$21,934,257$12,535,532$9,916,144↑ +9,398,725
Roland Burns8,012,6436,437,6385,774,326↑ +1,575,005
Daniel Harrison4,637,2373,710,2982,013,323↑ +926,939
Clifford D. "Trey" Newell2,926,4492,284,2961,010,214↑ +642,153
Patrick McGough1,832,5371,588,174838,960↑ +244,363

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

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.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
M. Jay AllisonRSU———303,265—$5,398,117
M. Jay AllisonPSU—151,633303,265—606,53011,151,054
Patrick McGoughRSU———13,272—236,242
Roland BurnsPSU—46,06892,135—184,2703,387,804
Patrick McGoughPSU—6,63613,272—26,544488,011
Daniel HarrisonPSU—24,33348,666—97,3321,789,449
Daniel HarrisonRSU———48,666—866,255
Roland BurnsRSU———92,135—1,640,003
Clifford D. "Trey" NewellRSU———26,545—472,501
Clifford D. "Trey" NewellPSU—13,27326,545—53,090976,060

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
M. Jay Allison$5,398,117$11,151,054$067.4%
Patrick McGough236,242488,011067.4%
Roland Burns1,640,0033,387,804067.4%
Daniel Harrison866,2551,789,449067.4%
Clifford D. "Trey" Newell472,501976,060067.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Patrick McGoughRSU4,626—$107,231
Clifford D. "Trey" NewellRSU6,735—156,117
Patrick McGoughRSU13,272—307,645
Patrick McGoughRSU15,728—364,575
Daniel HarrisonRSU17,008—394,245
Patrick McGoughRSU26,544—615,290
Clifford D. "Trey" NewellRSU26,545—615,313
Patrick McGoughRSU27,756—643,384
Clifford D. "Trey" NewellRSU29,489—683,555
Clifford D. "Trey" NewellRSU40,408—936,657
Patrick McGoughRSU42,730—990,482
Patrick McGoughRSU47,182—1,093,679
Daniel HarrisonRSU48,666—1,128,078
Clifford D. "Trey" NewellRSU53,090—1,230,626
Clifford D. "Trey" NewellRSU58,621—1,358,835
Daniel HarrisonRSU60,070—1,392,423
Roland BurnsRSU62,018—1,437,577
Daniel HarrisonRSU77,544—1,797,470
Clifford D. "Trey" NewellRSU88,466—2,050,642
M. Jay AllisonRSU91,179—2,113,529
Roland BurnsRSU92,135—2,135,689
Roland BurnsRSU97,215—2,253,444
Daniel HarrisonRSU97,332—2,256,156
Daniel HarrisonRSU102,040—2,365,287
Roland BurnsRSU158,376—3,671,156
M. Jay AllisonRSU180,205—4,177,152
Daniel HarrisonRSU180,210—4,177,268
Roland BurnsRSU183,674—4,257,563
Roland BurnsRSU184,270—4,271,379
M. Jay AllisonRSU269,388—6,244,414
Roland BurnsRSU286,698—6,645,660
M. Jay AllisonRSU303,265—7,029,683
M. Jay AllisonRSU308,814—7,158,309
M. Jay AllisonRSU606,530—14,059,365
M. Jay AllisonRSU648,754—15,038,118
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jim L. TurnerIndependent · Lead Independent Director$153,750$200,000———$353,750
Elizabeth B. DavisIndependent114,500200,000———314,500
Morris E. FosterIndependent98,000200,000———298,000
Roland O. BurnsEmployee director—————0
M. Jay AllisonEmployee director · Board Chair—————0

Board fee structure and ownership guideline

Annual cash retainer$83,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)31,500 / 20,750 / 15,000
Stock ownership guidelinestock ownership and retention requirements for our officers.

Total cost of the board

ComponentFY2025
Cash retainers and fees$366,250
Equity awards (grant-date value)$600,000
All other compensation$0
Total cost of the board$966,250

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Comstock Resources as a peer

Companies that benchmark against CRK

12 companies name CRK as a compensation peer

Each company listed discloses CRK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CRK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Comstock Resources Inc names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Infinity Natural Resources, Inc.2025Zack Arnold$410,349$2,899,009$34,959,578$552,500$38,880,448
2Comstock Resources Inc2025M. Jay Allison1,039,50016,549,17102,013,51221,934,257
3EQT Corporation2025Toby Rice113,552,23202,535,00016,087,233
4Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
5Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
6Matador Resources Corporation2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
7Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
8Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
9CNX Resources Corporation2025Nicholas DeIuliis800,0003,000,02402,396,0007,420,318
10Gulfport Energy Corporation2025John Reinhart919,7265,277,43701,098,9007,323,707
11Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
12BKV Corporation2025Christopher Kalnin795,3863,411,01401,676,4015,903,801
13SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Comstock Resources Incnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Antero Resources Corporation157.2%PSU 50 · RSU 50Yes — Absolute TSRCBIZ Compensation Consulting
BKV Corporationnot disclosedPRSUs 67 · TRSUs 33NoWillis Towers Watson plc (WTW)
Chord Energy Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
CNX Resources Corporationnot disclosedRSU 50 · PSU 40 · ESG PSU 10not disclosednot disclosed
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook and Zayla Partners
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Gulfport Energy Corporationnot disclosedPRSU 60 · RSU 40not disclosedWTW
Infinity Natural Resources, Inc.not disclosednot disclosednot disclosednot disclosed
Matador Resources Corporationnot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-02264,508,945526,507432,34499.8%Passed
20232023-06-06241,559,0262,250,750149,01899.08%Passed
20202020-06-03177,948,350298,172342,39699.83%Passed
20172017-05-167,902,158295,76751,86396.39%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-0299.8%a
20232023-06-0699.08%b
20202020-06-0399.83%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)142 : 1
CEO total compensation$21,934,257
Median employee compensation$154,049
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (46 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, M. Jay Allison. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 31. As printed: 21,934,257. View filing ↗
  • Section 01, Roland Burns. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 31. As printed: 8,012,643. View filing ↗
  • Section 01, Daniel Harrison. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 31. As printed: 4,637,237. View filing ↗
  • Section 01, Clifford D. "Trey" Newell. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 31. As printed: 2,926,449. View filing ↗
  • Section 01, Patrick McGough. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 31. As printed: 1,832,537. View filing ↗
  • Section 03, M. Jay Allison RSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Jay Allison PSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick McGough RSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Roland Burns PSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Patrick McGough PSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Harrison PSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Harrison RSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Roland Burns RSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Clifford D. "Trey" Newell RSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Clifford D. "Trey" Newell PSU. DEF 14A, filed 2026-04-22. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-22. Section “CEO Pay Ratio”. As printed: 142 : 1. View filing ↗
  • Section 08, Jim L. Turner. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 353,750. View filing ↗
  • Section 08, Elizabeth B. Davis. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 314,500. View filing ↗
  • Section 08, Morris E. Foster. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 298,000. View filing ↗
  • Section 08, Roland O. Burns. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, M. Jay Allison. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-03. Item 5.07 · say-on-pay result. As reported: 99.8% (votes for as printed: 264,508,945). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-06-07. Item 5.07 · say-on-pay result. As reported: 99.08% (votes for as printed: 241,559,026). View filing ↗
  • Section 06, 2020 vote. Form 8-K, filed 2020-06-03. Item 5.07 · say-on-pay result. As reported: 99.83% (votes for as printed: 177,948,350). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 366,250 + equity 600,000 + all other 0 = 966,250, summed across the director compensation table rows.
  • Infinity Natural Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Infinity Natural Resources, Inc.'s own proxy. As printed: 38,880,448. View filing ↗
  • Comstock Resources Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Comstock Resources Inc's own proxy. As printed: 21,934,257. View filing ↗
  • EQT Corporation, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. View filing ↗
  • Coterra Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-03-20. CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. View filing ↗
  • Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
  • Matador Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources Corporation's own proxy. As printed: 9,775,611. View filing ↗
  • Chord Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
  • CNX Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in CNX Resources Corporation's own proxy. As printed: 7,420,318. View filing ↗
  • Gulfport Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Gulfport Energy Corporation's own proxy. As printed: 7,323,707. View filing ↗
  • Antero Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. View filing ↗
  • BKV Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in BKV Corporation's own proxy. As printed: 5,903,801. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. View filing ↗
  • Section 10a, Matador Resources Corporation reciprocity. DEF 14A. Matador Resources Corporation names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, SM Energy Company reciprocity. DEF 14A. SM Energy Company names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Range Resources Corporation reciprocity. DEF 14A. Range Resources Corporation names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Expand Energy Corporation reciprocity. DEF 14A. Expand Energy Corporation names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Gulfport Energy Corporation reciprocity. DEF 14A. Gulfport Energy Corporation names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Chord Energy Corporation reciprocity. DEF 14A. Chord Energy Corporation names Comstock Resources Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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