Form 4: Matador Resources EVP and COO Acquires Shares
SEC Form 4
Christopher P. Calvert, EVP and COO of Matador Resources, reports the acquisition of 1,000 shares of common stock.
Summary
- On August 16, 2024, Christopher P. Calvert, the EVP and COO of Matador Resources Co, acquired 1,000 shares of common stock at a price of $56.4 per share.
- Following the transaction, Calvert directly owns 80,831 shares and indirectly owns 31,700 shares through his 401(k) account.
- The directly owned shares include restricted stock grants from February 2022, February 2023, and February 2024, which vest over several years.
- The acquisition was reported on a Form 4 filing with the SEC.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An executive purchasing shares suggests confidence, but it's a relatively small transaction.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects, although they don't always predict future performance.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of 3,880 shares of restricted stock vesting on the third anniversary. |
| 02/16/2023 | Grant date of 5,334 shares of restricted stock vesting in equal annual installments on the second and third anniversaries. |
| 02/14/2024 | Grant date of 10,000 shares of restricted stock vesting in equal annual installments on the first, second, and third anniversaries. |
| 08/16/2024 | Date of transaction: Purchase of 1,000 shares of common stock at $56.4 per share. |
| 08/20/2024 | Date of Form 4 filing. |
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