Form 4: Matador Resources Director Shelley Appel Receives Restricted Stock Unit Grant

Matador Resources Co. Director Shelley F. Appel was granted 4,079 restricted stock units (RSUs) on June 12, 2025, as part of her compensation.

Summary

• Shelley F. Appel, 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 directors at the 2026 annual shareholder meeting.
• Following this transaction, Ms. Appel's direct beneficial ownership of common stock is 62,820 shares.
• Her indirect beneficial ownership totals 1,677,257 shares, held through various entities including a family limited partnership (Sage Resources, Ltd. 1,105,913 shares), two trusts (SIF 2020 Non-GST Trust 336,978 shares; SIF 2011 Non-GST Trust 227,416 shares), her Roth IRA (4,742 shares), Roth 401(k) (2,150 shares), and her spouse (58 shares).
• The total beneficial ownership reported by Ms. Appel, including both direct and indirect holdings, is 1,740,077 shares.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is a positive sign of continued alignment of interests and standard compensation practice, indicating stability in governance and compensation structure. It's not a major market moving event but a routine positive.

Positives

• The grant of 4,079 restricted stock units (RSUs) to Director Shelley F. Appel indicates ongoing compensation and alignment of interests between management and shareholders.
• The vesting schedule for the RSUs, set for June 12, 2026, or prior to the 2026 annual meeting, provides a clear timeline for the shares to become deliverable.

Future Outlook

The document indicates that 4,079 restricted stock units granted to Director Shelley F. Appel will vest and become deliverable on June 12, 2026, or immediately prior to the election of nominees for director at the 2026 annual meeting of shareholders.

Industry Context

This Form 4 filing is a routine disclosure of insider equity compensation, common across all industries, and does not provide specific insights into broader industry trends for the oil and gas sector beyond the company's standard compensation practices for its directors.

Related Party Transactions

• The document details indirect beneficial ownership through entities like Sage Resources, Ltd. (a family limited partnership), SIF 2020 Non-GST Trust, SIF 2011 Non-GST Trust, and shares held by the reporting person's spouse, which are considered related party holdings for disclosure purposes.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders by tying compensation to future stock performance and continued service.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Management: The RSU grant is part of the compensation structure for the board of directors.

Next Steps

• The 4,079 restricted stock units granted to Director Shelley F. Appel are scheduled to vest on June 12, 2026.
• The shares will also become deliverable immediately prior to the election of nominees for director at the 2026 annual meeting of shareholders, if sooner than June 12, 2026.

Key Dates

Recommendation

Keywords

Matador Resources, MTDR, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Beneficial Ownership, Shelley F. Appel, Equity Compensation