Form 4: Matador Resources Executive Acquires Shares in Open Market Transaction
SEC Form 4 Filing
William Thomas Elsener, EVP of Reservoir Engineering at Matador Resources, purchased 800 shares of common stock at $56.60 per share on December 13, 2024.
Summary
- William Thomas Elsener, an Executive Vice President at Matador Resources, acquired 800 shares of the company's common stock on December 13, 2024.
- The purchase price was $56.60 per share.
- Following the transaction, Mr. Elsener directly owns 102,964 shares of Matador Resources common stock.
- This total includes shares acquired through the company's Employee Stock Purchase Plan and restricted stock grants from previous years.
Sentiment
Score: 6
Explanation: The document reflects a routine insider transaction. While the purchase is a positive signal, it's not a major event that would significantly impact sentiment.
Positives
- The purchase of shares by an executive can be seen as a positive sign of confidence in the company's future prospects.
Industry Context
Insider trading activity is a common occurrence in publicly traded companies, and this transaction is a routine disclosure of such activity.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, and this filing is consistent with regulatory requirements.
- The purchase of shares by an executive is a common occurrence and is not unusual in the oil and gas industry.
Stakeholder Impact
- The purchase of shares by an executive may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2022-02-17 | Date of a restricted stock grant of 3,880 shares to the reporting person that vest on the third anniversary of the date of grant. |
| 2023-02-16 | Date of a restricted stock grant of 5,334 shares to the reporting person that vest in equal installments on the second and third anniversaries of the date of grant. |
| 2024-12-13 | Date of the open market purchase of 800 shares of common stock by William Thomas Elsener. |
| 2024-12-16 | Date the Form 4 was signed. |
Keywords
Matador Resources, MTDR, insider trading, stock purchase, executive, William Thomas Elsener, EVP, reservoir engineering, Form 4
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