Form 4: Matador Resources Director Robert Baty Granted 4,079 Restricted Stock Units

Matador Resources Co. Director Robert Gaines Baty was granted 4,079 restricted stock units (RSUs) on June 12, 2025, as part of his compensation.

Summary

• Robert Gaines Baty, a Director of Matador Resources Co. (MTDR), was granted 4,079 restricted stock units (RSUs) on June 12, 2025.
• These RSUs were granted at a price of $0 per unit, indicating a compensation grant.
• Following this transaction, Mr. Baty's direct beneficial ownership of common stock increased to 72,896 shares.
• The granted RSUs are scheduled to vest on June 12, 2026, or, if sooner, immediately prior to the election of director nominees at the 2026 annual meeting of shareholders.
• Delivery of the vested RSUs, in the form of an equal number of common stock shares, is deferred until within 30 days of the earlier of Mr. Baty's separation of service or a change in control of the Issuer, as per the Nonqualified Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it represents a routine compensation event that aligns director interests with shareholders, without indicating any negative operational or financial news.

Positives

• The grant of restricted stock units to Director Robert Gaines Baty aligns his interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• The use of a Nonqualified Deferred Compensation Plan for Non-Employee Directors indicates a structured approach to executive and director compensation.

Future Outlook

The document indicates future vesting of restricted stock units on June 12, 2026, or earlier, and deferred delivery of shares upon separation of service or change in control, aligning future compensation with long-term company performance.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, which is a common practice across various industries, including the energy sector where Matador Resources Co. operates. Such grants are standard mechanisms to align director incentives with shareholder value creation.

Comparison to Industry Standards

• The grant of restricted stock units to a non-employee director is a standard compensation practice in publicly traded companies, including those in the oil and gas exploration and production sector.
• While specific comparable companies or projects are not detailed in this filing, equity-based compensation like RSUs is widely used to attract and retain qualified board members and align their interests with long-term company performance, consistent with general corporate governance benchmarks.

Corporate Governance

Related Party Transactions

• The grant of 4,079 restricted stock units to Robert Gaines Baty, a Director of Matador Resources Co., constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value, as the value of the compensation is tied to the company's stock performance.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Vesting of 4,079 restricted stock units on June 12, 2026, or earlier, immediately prior to the election of director nominees at the 2026 annual meeting of shareholders.
• Delivery of vested shares within 30 days of the earlier of Robert Gaines Baty's separation of service or a change in control of Matador Resources Co.

Key Dates

Recommendation

Keywords

Matador Resources Co, MTDR, Robert Gaines Baty, Restricted Stock Units, RSUs, Insider Transaction, SEC Form 4, Director Compensation, Equity Grant, Deferred Compensation