Form 4: Matador Resources Director Acquires Restricted Stock Units

Shelley F. Appel, a director of Matador Resources Co, reports the acquisition of restricted stock units and disclaims beneficial ownership of certain shares held by family trusts and accounts.

Summary

• On June 13, 2024, Shelley F. Appel, a director of Matador Resources Co, acquired 2,533 restricted stock units (RSUs).
• These RSUs will vest on June 13, 2025, or earlier if the director nominees are elected at the 2025 annual meeting.
• The director also disclaims beneficial ownership of 1,105,913 shares held by Sage Resources, Ltd., a family-owned limited partnership.
• Additionally, the director disclaims beneficial ownership of 336,978 shares held by the SIF 2020 Non-GST Trust and 227,416 shares held by the SIF 2011 Non-GST Trust, for which she is a beneficiary.
• The director also reports ownership of 4,742 shares in a Roth Individual Retirement Account, 2,150 shares in a Roth 401(k) account, and 58 shares held by her spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions by a company director. The acquisition of RSUs can be seen as a slightly positive sign, indicating confidence in the company's future, but it's not a major event.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units will vest on June 13, 2025, contingent on continued service or earlier upon the election of director nominees at the 2025 annual meeting.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in the company's securities. This filing indicates changes in Shelley F. Appel's holdings in Matador Resources.

Stakeholder Impact

• The acquisition of restricted stock units by a director may have a minor positive impact on shareholder sentiment.

Key Dates