Robert T. Macalik - 31 Dec 2023 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, Chief Accounting Officer
Signature
/s/ Robert T. Macalik, by Cale L. Curtin as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
31 Dec 2023
Net transactions value
-$497,866
Form type
4
Filing time
02 Jan 2024, 19:11:09 UTC
Previous filing
14 Dec 2023
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +22,250 +26% $0.000000 107,263 31 Dec 2023 Direct F1, F2, F3, F4, F5
transaction MTDR Common Stock Tax liability $497,866 -8,756 -8.2% $56.86 98,507 31 Dec 2023 Direct F2, F3, F4, F5, F6
holding MTDR Common Stock 28,800 31 Dec 2023 Represents shares held of record by the reporting person's Individual Retirement Account
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares received in settlement of performance stock units granted to the reporting person on June 4, 2021 (the "2021 Performance Stock Grant"), which settled at 178% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2021 to December 31, 2023.
F2 Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
F3 Includes 8,000 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal installments on the first, second and third anniversaries of the date of grant.
F4 Includes 7,759 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the second and third anniversaries of the date of grant.
F5 Includes 4,167 shares of restricted stock granted to the reporting person on June 4, 2021 that vest on the third anniversary of the date of grant.
F6 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon settlement of the 2021 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.