Billy E. Goodwin - 13 Feb 2022 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
13 Feb 2022
Net transactions value
$0
Form type
4
Filing time
15 Feb 2022, 20:12:21 UTC
Previous filing
04 Jan 2022
Next filing
22 Feb 2022
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 -16,062 -100% $0.000000* 0 13 Feb 2022 Common Stock 16,062 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 February 13, 2022 vesting of such award, the reporting person settled the phantom units for cash at a rate of $44.33 per unit based upon the closing price of the Issuer's common stock on February 11, 2022. 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, February 13, 2019.