Form 4: Matador Resources Executive Glenn Stetson Increases Stake in Company
SEC Form 4 Filing
Glenn Stetson, EVP-Production at Matador Resources, acquired 1,000 shares of common stock at $41.53 per share on April 28, 2025, increasing his total holdings.
Summary
- On April 28, 2025, Glenn W. Stetson, EVP-Production at Matador Resources Co, purchased 1,000 shares of the company's common stock at a price of $41.53 per share.
- This transaction increased Stetson's total holdings to 93,180 shares.
- The purchase was made directly by Stetson.
- Stetson also holds restricted stock granted on February 14, 2024, vesting in equal annual installments on the second and third anniversaries of the grant date, and restricted stock granted on February 16, 2023, vesting on the third anniversary of the grant date.
- The filing was signed by Cale L. Curtin as attorney-in-fact for Glenn W. Stetson on April 30, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An executive increasing their holdings suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's prospects.
Positives
- An executive increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| February 16, 2023 | Grant date of 2,667 shares of restricted stock vesting on the third anniversary of the grant date. |
| February 14, 2024 | Grant date of 6,667 shares of restricted stock vesting in equal annual installments on the second and third anniversaries of the grant date. |
| April 28, 2025 | Date of transaction: Glenn Stetson purchased 1,000 shares of Matador Resources common stock. |
| April 30, 2025 | Date of Form 4 filing. |
Keywords
Matador Resources, MTDR, Glenn Stetson, EVP-Production, Stock Purchase, Insider Trading, Form 4, Beneficial Ownership, Restricted Stock
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