Craig N. Adams - Dec 31, 2022 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
EVP, COO, Chief of Staff
Signature
/s/ Craig N. Adams, by Brian J. Willey as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Dec 31, 2022
Transactions value $
-$2,668,014
Form type
4
Date filed
1/4/2023, 03:55 PM
Previous filing
Jun 7, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +118K +51.8% $0.00 347K Dec 31, 2022 Direct F1, F2
transaction MTDR Common Stock Tax liability -$2.67M -46.6K -13.43% $57.24 301K Dec 31, 2022 Direct F2, F3
holding MTDR Common Stock 2.85K Dec 31, 2022 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 March 10, 2020 (the "2020 Performance Stock Grant"), which settled at 175% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2020 to December 31, 2022.
F2 Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
F3 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon settlement of the 2020 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.