Form 4: Matador Resources Director Receives RSU Grant
Director Equity Grant
Director Kenneth L. Stewart was granted 3,642 restricted stock units by Matador Resources Company.
Summary
- Director Kenneth L. Stewart acquired 3,642 restricted stock units (RSUs) on June 11, 2026.
- The RSUs were granted at a price of $0 per share.
- Following this transaction, the director's total beneficial ownership of common stock is 94,147 shares.
- The RSUs are scheduled to vest on June 11, 2027, or immediately prior to the 2027 annual meeting of shareholders.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership held by a member of the board.
Negatives
- None identified.
Risks
- Market volatility affecting the future value of the equity grant.
- Vesting is subject to the director's continued service with the company.
Future Outlook
The RSUs will vest on June 11, 2027, or immediately prior to the 2027 annual meeting of shareholders, at which point the shares will be deliverable to the director.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices in the energy sector, designed to incentivize long-term performance and align board interests with those of shareholders.
Comparison to Industry Standards
- The grant of restricted stock units is a common form of director compensation among mid-cap exploration and production companies.
- The vesting schedule of one year is consistent with standard industry practices for annual director equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Kenneth L. Stewart appointed Joseph Wm. Foran, Bryan A. Erman, and Derek E. Gabriel as attorneys-in-fact for SEC filings. | 04/22/2026 | Standard administrative procedure to ensure timely compliance with Section 16 reporting requirements. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation structure.
Next Steps
- Vesting of the 3,642 RSUs on June 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/22/2026 | Execution date of the Power of Attorney for Section 16 filings. |
| 06/11/2026 | Date of the RSU grant transaction. |
| 06/15/2026 | Date of filing the Form 4 with the SEC. |
| 06/11/2027 | Scheduled vesting date for the granted RSUs. |
Keywords
Matador Resources, MTDR, Director, Insider Transaction, Restricted Stock Units, Equity Compensation
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