Form 4: Magnolia Oil & Gas CFO Brian Corales Reports Stock Transactions
SEC Form 4
Brian Corales, SVP & CFO of Magnolia Oil & Gas, reports the disposition of Class A Common Stock to cover tax obligations and cash settlement of performance restricted stock units.
Summary
- On March 3, 2025, Brian Corales, SVP & CFO of Magnolia Oil & Gas Corp, reported transactions involving Class A Common Stock.
- A portion of performance restricted stock units (PRSUs) previously granted on February 16, 2022, vested in full on March 1, 2025, and were cash settled.
- 13,228 shares were disposed of at a price of $22.26 to cover tax obligations.
- 3,134 shares were disposed of at a price of $22.26 as part of the cash settlement of the PRSUs.
- Following these transactions, Corales directly owns 183,463 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to vested equity compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date performance restricted stock units (PRSUs) were granted to the reporting person |
| March 1, 2025 | Date performance restricted stock units (PRSUs) cliff vested in full |
| March 3, 2025 | Date of reported stock transactions (disposal of shares) |
| March 4, 2025 | Date of signature on the Form 4 filing |
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