Craig N. Adams - Dec 31, 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, COO - Land, Legal & Admin
Signature
/s/ Craig N. Adams, by David E. Lancaster as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Dec 31, 2021
Transactions value $
-$1,400,117
Form type
4
Date filed
1/4/2022, 06:17 AM
Previous filing
Dec 16, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +96.4K +56.76% $0.00 266K Dec 31, 2021 Direct F1
transaction MTDR Common Stock Tax liability -$1.4M -37.9K -14.25% $36.92 228K Dec 31, 2021 Direct F2
holding MTDR Common Stock 2.85K Dec 31, 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.