Form 4: Matador Resources Director Kenneth Stewart Granted 4,079 Restricted Stock Units

Matador Resources Co. Director Kenneth L. Stewart was granted 4,079 restricted stock units (RSUs) on June 12, 2025, as part of his compensation, which will vest in 2026.

Summary

• Kenneth L. Stewart, a Director of Matador Resources Co. (MTDR), reported the acquisition of 4,079 shares of common stock.
• The transaction occurred on June 12, 2025, and represents a grant of restricted stock units (RSUs) with a price of $0 per unit.
• These RSUs will vest, and an equal number of common stock shares will be delivered to Mr. Stewart, on June 12, 2026, or immediately prior to the election of nominees for director at the 2026 annual meeting of shareholders, whichever is sooner.
• Following this transaction, Kenneth L. Stewart beneficially owns 90,505 shares of common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a Form 4 is primarily a disclosure, the grant of RSUs to a director is a standard practice that aligns management/director interests with shareholders, which is generally viewed favorably. It does not indicate any negative operational or financial news.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The transaction was made under a Rule 10b5-1 plan, indicating a pre-arranged and transparent compensation mechanism.

Future Outlook

The document indicates a future vesting event for the granted restricted stock units on June 12, 2026, or earlier, aligning the director's future compensation with the company's performance.

Industry Context

This Form 4 filing is a standard disclosure of insider equity compensation, common across all industries for publicly traded companies. It reflects a routine grant of equity to a director, a common practice to incentivize long-term alignment with shareholder interests.

Related Party Transactions

• The grant of restricted stock units to Kenneth L. Stewart, a Director of Matador Resources Co., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 4,079 restricted stock units granted to Kenneth L. Stewart are scheduled to vest on June 12, 2026, or immediately prior to the election of nominees for director at the 2026 annual meeting of shareholders.

Key Dates

Keywords

Matador Resources, MTDR, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Equity Compensation, Beneficial Ownership, Rule 10b5-1