Form 4: Magnolia Oil & Gas CEO Christopher Stavros Reports Stock Disposals Following PRSU Vesting

CEO Christopher Stavros reports disposing of Magnolia Oil & Gas shares to cover tax obligations after performance restricted stock units vested.

Summary

• Christopher Stavros, CEO and Director of Magnolia Oil & Gas Corp, reported changes in beneficial ownership of the company's stock on March 3, 2025.
• The transactions involved the disposal of Class A Common Stock to satisfy tax obligations related to the vesting of performance restricted stock units (PRSUs).
• Specifically, 46,592 shares were disposed of at a price of $22.26 to cover tax obligations.
• An additional 26,062 shares were disposed of at $22.26, resulting in a total holding of 889,872 shares.
• The PRSUs, granted on February 16, 2022, vested in full on March 1, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, as it reflects standard compensation practices and tax obligations.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the context of tax obligations.

Key Dates