Billy E. Goodwin - Dec 31, 2023 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
President-Operations
Signature
/s/ Billy E. Goodwin, by Cale L. Curtin as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Dec 31, 2023
Transactions value $
-$1,115,195
Form type
4
Date filed
1/2/2024, 07:08 PM
Previous filing
Jun 6, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +49.8K +17.36% $0.00 337K Dec 31, 2023 Direct F1, F2
transaction MTDR Common Stock Tax liability -$1.12M -19.6K -5.82% $56.86 317K Dec 31, 2023 Direct F2, F3
holding MTDR Common Stock 5K Dec 31, 2023 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 June 4, 2021 (the "2021 Performance Stock Grant"), which settled at 178% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2021 to December 31, 2023.
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 2021 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.