Form 4: Matador Resources Executive Reports Share Transactions
SEC Form 4 Filing
Bryan A. Erman, EVP, GC and Head of M&A at Matador Resources, reports the withholding of shares for tax liability and holdings in an Individual Retirement Account and Employee Stock Purchase Plan.
Summary
- On June 4, 2024, Bryan A. Erman, EVP, GC and Head of M&A at Matador Resources Co, had 1,640 shares of common stock withheld by the issuer to cover tax liabilities related to the vesting of restricted stock.
- The shares were withheld at a price of $59.21.
- Following the transaction, Erman directly owns 70,226 shares of common stock.
- Erman also indirectly owns 2,400 shares through an Individual Retirement Account.
- The reported holdings include shares acquired through the Employee Stock Purchase Plan and restricted stock grants from February 17, 2022, and February 16, 2023.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and share ownership.
Key Dates
| Date | Description |
|---|---|
| 06/04/2021 | Date of original restricted stock grant that vested on June 4, 2024. |
| 02/17/2022 | Date of restricted stock grant of 3,880 shares vesting on the third anniversary. |
| 02/16/2023 | Date of restricted stock grant of 5,334 shares vesting in equal annual installments on the second and third anniversaries. |
| 06/04/2024 | Date of transaction: shares withheld for tax liability. |
| 06/06/2024 | Date of Form 4 filing. |
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