Form 4: Matador Resources Co. Executive Christopher P. Calvert Acquires 1,000 Shares

EVP and COO of Matador Resources, Christopher P. Calvert, purchased 1,000 shares of common stock at $50.30 per share on September 9, 2024.

Summary

• On September 9, 2024, Christopher P. Calvert, the EVP and COO of Matador Resources Co., acquired 1,000 shares of common stock at a price of $50.30 per share.
• Following this transaction, Calvert directly owns 80,831 shares and indirectly owns 32,700 shares through his 401(k) account.
• The indirect holdings are shares held of record by the reporting person's 401(k) account.
• Calvert also holds restricted stock that vests over time, including grants from February 2022, February 2023, and February 2024.
• The filing was signed on September 11, 2024, by Cale L. Curtin as attorney-in-fact for Christopher P. Calvert.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by an executive is generally a good sign, but the quantity is not significant enough to drastically alter sentiment.

Positives

• The purchase of shares by an executive could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally viewed more favorably than sales.

Comparison to Industry Standards

• It's common for executives in publicly traded companies, such as ExxonMobil (XOM) or Chevron (CVX), to receive stock options and restricted stock as part of their compensation packages.
• These grants often vest over several years to incentivize long-term performance and align executive interests with shareholder value.
• The vesting schedules described in the document are typical for restricted stock grants.

Stakeholder Impact

• The purchase of shares by an executive could have a slightly positive impact on shareholder sentiment.

Key Dates