Form 4: Matador Resources Co: EVP and CFO Brian J. Willey Reports Changes in Beneficial Ownership

Brian J. Willey, EVP and CFO of Matador Resources Co, reports transactions involving common stock and phantom units, including shares withheld for tax liabilities and vesting of restricted stock.

Summary

• On February 16, 2025, Brian J. Willey had 1,050 shares withheld by Matador Resources to cover tax liabilities upon vesting of restricted stock at a price of $57.19 per share.
• Following this transaction, Willey directly owned 92,678 shares of common stock.
• On February 17, 2025, 1,527 shares were withheld for tax liabilities upon vesting of restricted stock at $57.19 per share, reducing direct ownership to 91,151 shares.
• Willey also indirectly owns 3,760 shares through an Individual Retirement Account and 1,500 shares through a 401(k) account.
• On February 14, 2025, Willey acquired 18,000 phantom units, each equivalent to one share of common stock, vesting in equal annual installments.
• Also on February 14, 2025, 5,000 phantom units vested and were settled for cash at $57.12 per unit, resulting in Willey holding 10,000 phantom units.
• No shares were sold by the reporting person to satisfy tax liability.

Sentiment

Score: 5

Explanation: This is a neutral report on insider transactions, which are a normal part of corporate governance. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies and their officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, including competitors like EOG Resources, Pioneer Natural Resources, and Devon Energy.
• The vesting schedules and equity compensation structures are common in the oil and gas industry to align management interests with shareholder value.

Stakeholder Impact

• The transactions reported may influence investor perception of management's confidence in the company.
• Shareholders are informed about executive compensation and equity ownership.

Key Dates

Keywords

beneficial ownership, Form 4, Matador Resources Co, MTDR, Brian J. Willey, phantom units, restricted stock, tax liability, insider trading