Billy E. Goodwin - 31 Dec 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, COO - Operations
Signature
/s/ Billy E. Goodwin, by Brian J. Willey as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
31 Dec 2021
Net transactions value
-$1,400,117
Form type
4
Filing time
04 Jan 2022, 06:16:01 UTC
Previous filing
14 Dec 2021
Next filing
15 Feb 2022
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 +96,372 +62% $0.000000 251,274 31 Dec 2021 Direct F1
transaction MTDR Common Stock Tax liability $1,400,117 -37,923 -15% $36.92 213,351 31 Dec 2021 Direct F2
holding MTDR Common Stock 5,000 31 Dec 2021 Represents shares held of record by the reporting person's 401(k) 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 February 13, 2019 (the "2019 Performance Stock Grant"), which settled at 200% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2019 to December 31, 2021.
F2 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the tax liability upon settlement of the 2019 Performance Stock Grant. No shares were sold by the reporting person to satisfy the tax liability.