Form 4: Matador Resources CFO Acquires Shares in Open Market
SEC Form 4 Filing
Brian J. Willey, EVP and CFO of Matador Resources, reports purchasing 1,500 shares of common stock at $50.50 per share.
Summary
- On September 6, 2024, Brian J. Willey, the EVP and CFO of Matador Resources Co, purchased 1,500 shares of the company's common stock at a price of $50.50 per share.
- Following this transaction, Willey directly owns 85,378 shares of common stock.
- He also indirectly owns 1,500 shares through his 401(k) account and 3,760 shares through his Individual Retirement Account.
- The direct holdings include restricted stock grants from February 16, 2023 (5,334 shares vesting over two years) and February 17, 2022 (3,880 shares vesting after three years).
- Some shares were also acquired through the company's Employee Stock Purchase Plan.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to insider buying, which often signals confidence in the company's prospects. However, it's a single transaction and doesn't provide a comprehensive view.
Positives
- The CFO's purchase of company stock may signal confidence in the company's future performance.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's management believes the stock is undervalued.
Stakeholder Impact
- Shareholders may view the insider purchase positively.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 3,880 restricted stock shares vesting on the third anniversary of the grant date. |
| 02/16/2023 | Grant date of 5,334 restricted stock shares vesting in equal installments on the second and third anniversaries of the grant date. |
| 09/06/2024 | Date of transaction: Brian J. Willey purchased 1,500 shares of MTDR at $50.50 per share. |
| 09/10/2024 | Date of Form 4 filing. |
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