Form 4: Matador Resources EVP Macalik Reports Share Withholding for Tax Liabilities and Phantom Unit Acquisition
SEC Form 4
Robert T. Macalik, EVP and Chief Accounting Officer of Matador Resources, reports withholding of shares by the issuer to cover tax liabilities upon vesting of restricted stock and acquisition of phantom units.
Summary
- Robert T. Macalik, EVP and Chief Accounting Officer of Matador Resources Co, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that shares were withheld by the issuer to cover tax liabilities upon the vesting of restricted stock on February 14, 2025, February 16, 2025 and February 17, 2025.
- These transactions did not involve any sale of shares by Macalik.
- Macalik also acquired 18,000 phantom units on February 14, 2025, which are the economic equivalent of one share of common stock each and vest in equal annual installments over three years.
- Following these transactions, Macalik directly owns 108,805 shares of common stock and indirectly owns 29,800 shares through an Individual Retirement Account.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to executive compensation and tax obligations. The acquisition of phantom units is a slightly positive signal.
Positives
- The acquisition of 18,000 phantom units suggests a continued alignment of Macalik's interests with the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Similar to other oil and gas companies, Matador Resources uses restricted stock and phantom units as part of its executive compensation packages to align management's interests with those of shareholders.
- The vesting schedules and terms of these equity grants are generally consistent with industry practices.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The share withholding for tax liabilities reduces the number of shares available in the market, but the effect is negligible.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of grant for 6,667 shares of restricted stock vesting in equal annual installments on the second and third anniversaries. |
| 02/16/2023 | Date of grant for 5,334 shares of restricted stock vesting in equal annual installments on the second and third anniversaries. |
| 02/17/2022 | Date of grant for 3,880 shares of restricted stock vesting on the third anniversary. |
| 02/14/2025 | Shares withheld for tax liability; Phantom Units acquired. |
| 02/16/2025 | Shares withheld for tax liability. |
| 02/17/2025 | Shares withheld for tax liability. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Matador Resources, Macalik, Restricted Stock, Phantom Units, Tax Liability, Share Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.