Macalik Robert T. - 22 Jun 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
SVP, Chief Accounting Officer
Signature
/s/ Robert T. Macalik, by Brian J. Willey as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
22 Jun 2021
Net transactions value
$0
Form type
4
Filing time
24 Jun 2021, 17:29:58 UTC
Previous filing
08 Jun 2021
Next filing
30 Jul 2021
SEC
View on sec.gov

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
transaction MTDR Phantom Units Options Exercise $0 -1,666 -33% $0.000000 3,334 22 Jun 2021 Common Stock 1,666 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the June 22, 2021 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $33.92 per unit based upon the closing price of the Issuer's common stock on June 21, 2021. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F2 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, June 22, 2020.