Form 4: Director Susan M. Ward Receives Matador Resources RSU Grant
Statement of Changes in Beneficial Ownership
Matador Resources director Susan M. Ward was granted 3,642 restricted stock units as part of her director compensation.
Summary
- Director Susan M. Ward acquired 3,642 restricted stock units (RSUs) of Matador Resources Company common stock.
- The grant occurred on June 11, 2026, at a price of $0 per share.
- Following this transaction, the director's total beneficial ownership is 18,565 shares.
- The RSUs are scheduled to vest on June 11, 2027, or immediately prior to the 2027 annual meeting of shareholders.
- Delivery of the shares is deferred until separation of service or a change in control, per the company's Nonqualified Deferred Compensation Plan for Non-Employee Directors.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard governance practice for non-employee director compensation.
Negatives
- None identified.
Risks
- Market volatility affecting the future value of the equity grant.
- Regulatory or compliance risks associated with Section 16 reporting requirements.
Future Outlook
The RSUs will vest on June 11, 2027, or upon the 2027 annual meeting of shareholders, with delivery deferred until separation of service or a change in control.
Industry Context
StockSavvy.ai notes that this filing represents routine equity-based compensation for board members, which is standard practice in the energy sector to ensure long-term alignment between directors and shareholders.
Comparison to Industry Standards
- The use of deferred delivery for director RSUs is consistent with standard corporate governance practices among mid-cap energy companies.
- The grant size is typical for non-employee director annual compensation packages in the oil and gas industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Susan M. Ward appointed Joseph Wm. Foran, Bryan A. Erman, and Derek E. Gabriel as attorneys-in-fact for SEC filings. | 2026-04-22 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation.
- Director: Increased equity stake in the company.
Next Steps
- Vesting of RSUs on June 11, 2027.
- Delivery of shares upon separation of service or change in control.
Key Dates
| Date | Description |
|---|---|
| 2026-04-22 | Execution date of the Power of Attorney for SEC filings. |
| 2026-06-11 | Date of RSU grant transaction. |
| 2026-06-15 | Filing date of the Form 4. |
| 2027-06-11 | Scheduled vesting date for the RSUs. |
Keywords
Matador Resources, MTDR, Director Compensation, Restricted Stock Units, Insider Transaction, SEC Form 4
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