Form 4: Magnolia Oil & Gas Director Receives Stock Grant

Director Dan F. Smith receives a grant of 9,257 shares of Class A Common Stock in the form of restricted stock units (RSUs).

Summary

• On May 7, 2024, Dan F. Smith, a director of Magnolia Oil & Gas Corporation, was granted 9,257 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs were granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The RSUs will vest on the earlier of (a) the day preceding the next annual meeting of stockholders at which directors are elected, or (b) the first anniversary of the grant date, subject to continued service through the applicable vesting date.
• Following the transaction, Smith directly owns 125,655 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and incentivized leadership structure. This is generally viewed positively.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.

Future Outlook

The RSUs will vest based on the terms of the Long Term Incentive Plan, incentivizing the director's continued service and aligning their interests with the company's performance.

Industry Context

Stock grants to directors are a common practice in the oil and gas industry to align management's interests with those of shareholders and incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term performance.

Key Dates