Brian J. Willey - Apr 29, 2022 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
SVP, President of Midstream
Signature
/s/ Brian J. Willey
Stock symbol
MTDR
Transactions as of
Apr 29, 2022
Transactions value $
-$49,259
Form type
4
Date filed
5/3/2022, 04:43 PM
Previous filing
Apr 8, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Tax liability -$49.3K -1.01K -1.57% $48.82 63.4K Apr 29, 2022 Direct F1, F2, F3
holding MTDR Common Stock 3.76K Apr 29, 2022 Represents shares held of record by the reporting person's Individual Retirement Account

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 -2.56K -100% $0.00* 0 Apr 29, 2022 Common Stock 2.56K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,563 shares of restricted stock that were granted to the reporting person on April 29, 2019. No shares were sold by the reporting person to satisfy this tax liability.
F2 Includes 11,638 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal annual installments on the first, second and third anniversaries of the date of grant.
F3 Includes 12,500 shares of restricted stock granted to the reporting person on June 4, 2021 that vest in equal annual installments on the first, second and third anniversaries of the date of grant.
F4 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 April 29, 2022 vesting of such award, the reporting person settled the phantom units for cash at a rate of $48.82 per unit based upon the closing price of the Issuer's common stock on such date. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
F5 The phantom units vest on the third anniversary of the date of grant, April 29, 2019.