Form 4: Matador Resources Director Receives RSU Grant

Director William M. Byerley was granted 3,642 restricted stock units as part of his compensation package with Matador Resources.

Summary

• Director William M. Byerley 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 increased to 59,453 shares.
• The RSUs are subject to a vesting schedule and deferred delivery terms under the company's Nonqualified Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Increase in total beneficial ownership by a member of the board.

Negatives

• None identified in this filing.

Risks

• Vesting of equity is subject to the director's continued service or specific corporate events.
• Delivery of shares is deferred, meaning the director does not have immediate voting or dispositive power over the underlying common stock until the delivery date.

Future Outlook

The RSUs will vest on June 11, 2027, or immediately prior to the 2027 annual meeting of shareholders, with delivery deferred until separation of service, a change in control, or the fifth anniversary of the vesting date.

Management Comments

• The transaction represents a standard equity grant for non-employee directors.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard practice in the energy sector to ensure long-term alignment between leadership and shareholder value.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with governance practices at peer energy companies like EOG Resources and Diamondback Energy.
• The deferral mechanism is a common tax and retention strategy used by mid-to-large cap energy firms.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation grant.

Next Steps

• Vesting of RSUs scheduled for June 11, 2027.

Key Dates

Keywords

Matador Resources, MTDR, Director Compensation, Restricted Stock Units, Insider Transaction, SEC Form 4