Form 4: Matador Resources Director Reynald Baribault Receives Restricted Stock Grant

Matador Resources Co. Director Reynald Baribault was granted 4,079 restricted stock units, which are set to vest in June 2026, as disclosed in a recent SEC Form 4 filing.

Summary

• Reynald Baribault, a Director of Matador Resources Co. (MTDR), was granted 4,079 restricted stock units (RSUs) on June 12, 2025.
• These RSUs will vest and convert into an equal number of common stock shares on June 12, 2026, or earlier, immediately prior to the election of director nominees at the 2026 annual shareholder meeting.
• Following this transaction, Mr. Baribault's total beneficial ownership in Matador Resources Co. includes 14,874 shares held directly.
• Additionally, he indirectly beneficially owns 116,118 shares through the Reynald A. Baribault Maritalized Revocable Living Trust, 7,818 shares through the Sally K. Baribault Maritalized Revocable Living Trust, and 6,515 shares through his Individual Retirement Account.
• The reporting person disclaims beneficial ownership of shares held by the trusts, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is a standard compensation practice that aligns the director's interests with shareholders. It is a neutral to slightly positive event as it indicates continued commitment and incentivizes performance, but does not reflect on the company's operational or financial performance directly.

Positives

• The grant of 4,079 restricted stock units to Director Reynald Baribault aligns his interests with those of shareholders, as the value of the grant is tied to the company's stock performance.
• The vesting schedule provides an incentive for long-term commitment and performance from the director.

Negatives

• The issuance of new restricted stock units, upon vesting, will result in a minor dilution of existing shareholder equity.

Risks

• The reporting person explicitly disclaims beneficial ownership of shares held in certain trusts (Reynald A. Baribault Maritalized Revocable Living Trust and Sally K. Baribault Maritalized Revocable Living Trust), except to the extent of his pecuniary interest, which is a standard legal disclaimer in such filings.

Management Comments

• "The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein."

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically an equity compensation grant to a director. Such grants are common practice across industries, including the energy sector where Matador Resources operates, to align management and director incentives with shareholder interests.

Related Party Transactions

• Shares held by the Reynald A. Baribault Maritalized Revocable Living Trust.
• Shares held by the Sally K. Baribault Maritalized Revocable Living Trust.

Stakeholder Impact

• Shareholders: Minor potential dilution upon vesting of RSUs; improved alignment of director's interests with shareholder value.
• Director (Reynald Baribault): Receives equity compensation, increasing his stake and potential future wealth tied to company performance.

Next Steps

• Vesting of 4,079 restricted stock units on June 12, 2026, or prior to the 2026 annual meeting of shareholders.

Key Dates

Keywords

Matador Resources Co., MTDR, Reynald Baribault, Director, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Beneficial Ownership, Corporate Governance, Equity Compensation