Form 4: Magnolia Oil & Gas Executive Timothy D. Yang Reports Stock Transactions
SEC Form 4
EVP Timothy D. Yang reports disposition of Magnolia Oil & Gas shares due to tax withholding and cash settlement of performance restricted stock units.
Summary
- On March 3, 2025, Timothy D. Yang, EVP GENERAL COUNSEL & SEC of Magnolia Oil & Gas Corporation, reported transactions involving Class A Common Stock.
- Yang disposed of 22,334 shares to cover tax obligations at a price of $22.26 per share.
- Additionally, Yang disposed of 18,432 shares through a cash settlement of performance restricted stock units (PRSUs) at a price of $22.26 per share.
- Following these transactions, Yang beneficially owns 634,675 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment. It reflects standard compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations, which is typical for executives holding company stock and equity-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of original grant of performance restricted stock units (PRSUs) to the reporting person. |
| 03/01/2025 | Date the performance restricted stock units (PRSUs) cliff vested in full. |
| 03/03/2025 | Date of the reported transactions (disposal of shares for tax obligations and cash settlement of PRSUs). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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