Bryan A. Erman - 07 Jan 2025 Form 4 Insider Report for Matador Resources Co (MTDR)

Signature
/s/ Bryan A. Erman, by Cale L. Curtin as attorney-in-fact
Issuer symbol
MTDR
Transactions as of
07 Jan 2025
Transactions value $
-$323,959
Form type
4
Filing time
10 Jan 2025, 18:20:00 UTC
Previous filing
09 Sep 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTDR Common Stock Award $0 +13.7K +19.41% $0.00 84.4K 07 Jan 2025 Direct F1, F2, F3, F4
transaction MTDR Common Stock Tax liability -$324K -5.55K -6.58% $58.35 78.8K 07 Jan 2025 Direct F2, F3, F4, F5
holding MTDR Common Stock 2.75K 07 Jan 2025 Represents shares held of record by the reporting person's 401(k) account
holding MTDR Common Stock 2.4K 07 Jan 2025 Represents shares held of record by the reporting person's Individual Retirement 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 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 16b-3.
F3 Includes 5,334 shares of restricted stock granted to the reporting person on February 16, 2023 that vest in equal annual installments on the second and third anniversaries of the date of grant.
F4 Includes 3,880 shares of restricted stock granted to the reporting person on February 17, 2022 that vest on the third anniversary of the date of grant.
F5 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.