William Thomas Elsener - Dec 31, 2023 Form 4 Insider Report for Matador Resources Co (MTDR)

Signature
/s/ William Thomas Elsener, by Cale L. Curtin as attorney-in-fact
Stock symbol
MTDR
Transactions as of
Dec 31, 2023
Transactions value $
-$497,866
Form type
4
Date filed
1/2/2024, 07:10 PM
Previous filing
Jun 23, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +22.3K +24.44% $0.00 113K Dec 31, 2023 Direct F1, F2, F3, F4, F5
transaction MTDR Common Stock Tax liability -$498K -8.76K -7.73% $56.86 105K Dec 31, 2023 Direct F2, F3, F4, F5, F6
* 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 Includes 8,000 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal installments on the first, second and third anniversaries of the date of grant.
F4 Includes 7,759 shares of restricted stock granted to the reporting person on February 17, 2022 that vest in equal installments on the second and third anniversaries of the date of grant.
F5 Includes 4,167 shares of restricted stock granted to the reporting person on June 4, 2021 that vest on the third anniversary of the date of grant.
F6 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.