Joseph Wm Foran - 07 Jan 2025 Form 4 Insider Report for Matador Resources Co (MTDR)

Role
Chairman and CEO, Director
Signature
/s/ Joseph Wm. Foran, by Cale L. Curtin as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
07 Jan 2025
Net transactions value
-$1,373,501
Form type
4
Filing time
10 Jan 2025, 18:17:01 UTC
Previous filing
10 Dec 2024
Next filing
19 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +59,420 +140% $0.000000 101,872 07 Jan 2025 Direct F1, F2
transaction MTDR Common Stock Tax liability $1,373,501 -23,539 -23% $58.35 78,333 07 Jan 2025 Direct F2, F3
holding MTDR Common Stock 482,659 07 Jan 2025 See footnote F4, F5
holding MTDR Common Stock 446,915 07 Jan 2025 See footnote F4, F6
holding MTDR Common Stock 1,105,913 07 Jan 2025 See footnote F4, F7
holding MTDR Common Stock 1,137,182 07 Jan 2025 See footnote F4, F8
holding MTDR Common Stock 1,347,912 07 Jan 2025 See footnote F4, F9
holding MTDR Common Stock 70,528 07 Jan 2025 See footnote F4, F10
holding MTDR Common Stock 70,528 07 Jan 2025 See footnote F4, F11
holding MTDR Common Stock 36,885 07 Jan 2025 See footnote F4, F12
holding MTDR Common Stock 36,885 07 Jan 2025 See footnote F4, F13
holding MTDR Common Stock 198,400 07 Jan 2025 See footnote F4, F14
holding MTDR Common Stock 198,400 07 Jan 2025 See footnote F4, F15
holding MTDR Common Stock 90,247 07 Jan 2025 See footnote F4, F16
holding MTDR Common Stock 90,247 07 Jan 2025 See footnote F4, F17
* 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 February 17, 2022 (the "2022 Performance Stock Grant"), which settled at 172% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2022 to December 31, 2024.
F2 Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3.
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 2022 Performance Stock Grant. No shares were sold by the reporting person to satisfy this tax liability.
F4 The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F5 Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee.
F6 Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee.
F7 Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person.
F8 Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "2011 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2011 Non-GST Trusts, retain the power of substitution with respect to the property of the 2011 Non-GST Trusts.
F9 Represents shares held of record collectively by the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust and MCF 2020 Non-GST Trust (collectively, the "2020 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2020 Non-GST Trusts, retain the power of substitution with respect to the property of the 2020 Non-GST Trusts.
F10 Represents shares held of record by the JWF 2023-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F11 Represents shares held of record by the NNF 2023-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F12 Represents shares held of record by the JWF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F13 Represents shares held of record by the NNF 2023-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F14 Represents shares held of record by the JWF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F15 Represents shares held of record by the NNF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F16 Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F17 Represents shares held of record by the NNF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.