Form 4: Matador Resources Executive Insider Transaction Report
Statement of Changes in Beneficial Ownership
SVP and Chief Accounting Officer Benjamin T. Colodney reports routine equity transactions and phantom unit settlements.
Summary
- Benjamin T. Colodney, SVP & Chief Accounting Officer of Matador Resources, filed a Form 4 disclosing recent equity activity.
- The filing includes the purchase of 250 shares of common stock via a 401(k) account at $53.41 per share.
- The reporting person withheld 447 shares to satisfy tax liabilities related to restricted stock vesting.
- The filing details the settlement of 2,072 phantom units for cash, which are the economic equivalent of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard executive compensation and personal portfolio management.
Positives
- Continued alignment of executive interests through 401(k) share accumulation.
- Transparent disclosure of tax-related share withholding, which is a standard administrative procedure.
Negatives
- None identified; the transactions are routine administrative and compensation-related events.
Risks
- Market volatility affecting the value of equity-based compensation.
- Regulatory compliance risks associated with Section 16 reporting requirements.
Future Outlook
No specific forward-looking guidance provided; the filing relates to historical compensation and personal investment activity.
Management Comments
- The reporting person confirms that no shares were sold to satisfy tax liabilities, as they were withheld by the issuer.
Industry Context
StockSavvy.ai notes that routine Form 4 filings from accounting executives at energy firms like Matador Resources are standard practice and generally do not signal shifts in corporate strategy or financial health.
Comparison to Industry Standards
- The use of phantom units and restricted stock is consistent with standard executive compensation packages in the oil and gas exploration sector.
- Tax withholding practices align with standard corporate governance protocols for equity-based compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Benjamin T. Colodney granted Power of Attorney to Joseph Wm. Foran, Bryan A. Erman, and Derek E. Gabriel for SEC filings. | 04/22/2026 | Standard administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as these are routine compensation-related transactions.
Next Steps
- Future vesting of restricted stock on May 1, 2027, and May 1, 2028.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Grant date of restricted stock that vested, triggering tax withholding. |
| 03/31/2026 | Transaction date for tax withholding on vested restricted stock. |
| 04/30/2026 | Closing price date used for phantom unit cash settlement. |
| 05/01/2026 | Vesting date for phantom units and restricted stock. |
| 05/29/2026 | Purchase date of common stock in 401(k). |
| 06/02/2026 | Filing date of the Form 4. |
Keywords
Matador Resources, MTDR, Insider Trading, Form 4, Executive Compensation, Phantom Units
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