Brian Corales - Nov 3, 2022 Form 3 Insider Report for Magnolia Oil & Gas Corp (MGY)

Signature
/s/ Timothy D. Yang, Attorney-in-Fact
Stock symbol
MGY
Transactions as of
Nov 3, 2022
Transactions value $
$0
Form type
3
Date filed
11/4/2022, 04:28 PM
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MGY Class A Common Stock 85.2K Nov 3, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MGY Performance Share Units Nov 3, 2022 Class A Common Stock 12.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance share units ("PSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan on February 25, 2020. Each PSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock, and the officer may earn between 0% and 150% of the target number of PSUs reported above, based on the Compensation Committee's certification of the relative total shareholder return of Magnolia Oil & Gas Corporation measured against a peer group of companies for the performance period commencing January 1, 2020, and ending December 31, 2022, and subject to the officer's continued employment through the date of settlement of the PSUs (which will occur within 60 days following the conclusion of the performance period).