Form 4: Matador Resources Executive Bryan Erman Reports Share Transactions
SEC Form 4
Bryan Erman, EVP, GC and Head of M&A at Matador Resources, reports transactions involving common stock and phantom units, including shares withheld for tax liabilities and vesting of restricted stock.
Summary
- Bryan Erman, an executive at Matador Resources Co, filed a Form 4 detailing changes in beneficial ownership.
- On February 16, 2025, 1,050 shares of common stock were withheld by the issuer to cover tax liabilities upon vesting of restricted stock at a price of $57.19 per share.
- On February 17, 2025, 1,527 shares were withheld for tax liabilities related to vesting restricted stock, also at $57.19 per share.
- Erman also reported the vesting and settlement of 5,000 phantom units on February 14, 2025, which were settled for cash at $57.12 per unit.
- As of the latest report, Erman directly owns 76,235 shares of common stock and indirectly owns 2,750 shares through a 401(k) and 2,400 shares through an Individual Retirement Account.
- He also holds 10,000 vested and 18,000 unvested phantom units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) and phantom stock, similar to the phantom units held by Bryan Erman.
- Companies like Devon Energy (DVN) and EOG Resources (EOG) also utilize equity-based compensation for their executives.
- The vesting schedules and tax withholding practices are standard across the industry to align executive interests with shareholder value and comply with tax regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
- The disclosure provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Partial vesting of phantom units and settlement for cash. |
| 02/16/2025 | Shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. |
| 02/17/2025 | Shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 3,880 shares of restricted stock that were granted to the reporting person on February 17, 2022. |
| 02/19/2025 | Date of Form 4 signature. |
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