Form 4: Matador Resources Executive Reports Stock Transactions

Matador Resources Co-President Van H. Singleton II reported the acquisition of 5,800 shares from performance units and the disposition of 2,516 shares for tax withholding.

Summary

• Van H. Singleton II, CoPresident-Land, A&D,Planning at Matador Resources Co, reported transactions on January 6, 2026.
• Acquired 5,800 shares of Common Stock at a price of $0, representing the settlement of performance stock units granted on February 16, 2023.
• The 2023 Performance Stock Grant settled at 58% of target based on the Issuer's relative total shareholder return over a three-year performance period from January 1, 2023, to December 31, 2025.
• Disposed of 2,516 shares of Common Stock at $41.41 per share, which were withheld by the Issuer to satisfy tax liability upon settlement of the performance stock grant.
• No shares were sold by the reporting person to satisfy this tax liability.
• Beneficial ownership after these transactions is 296,374 shares directly, plus 2,505 shares indirectly held in a 401(k) account.

Sentiment

Score: 6

Explanation: The filing reflects a routine executive compensation event involving the vesting of performance stock units and subsequent tax withholding. The 58% payout of target performance units is a neutral indicator, showing performance but not exceeding expectations.

Positives

• Acquisition of 5,800 shares indicates the vesting of performance-based compensation for the executive.
• The company's relative total shareholder return over the performance period resulted in a 58% payout of the target performance stock units.
• Shares were withheld by the Issuer to cover tax liability, meaning the executive did not have to sell shares on the open market.

Negatives

• The performance stock grant settled at 58% of target, indicating that the company's relative total shareholder return did not achieve a higher payout percentage during the performance period.
• A portion of the acquired shares (2,516) was immediately disposed of to cover tax liabilities, reducing the net shares received by the executive.

Future Outlook

NA

Management Comments

• The 2023 Performance Stock Grant settled at 58% of target based upon the Issuer's relative total shareholder return over a three-year performance period from January 1, 2023, to December 31, 2025.
• Shares were withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon settlement of the 2023 Performance Stock Grant; no shares were sold by the reporting person to satisfy this tax liability.

Industry Context

NA

Related Party Transactions

• Settlement of 2023 Performance Stock Grant to CoPresident-Land, A&D,Planning Van H. Singleton II.
• Withholding of shares by the Issuer to satisfy tax liability for Van H. Singleton II.

Stakeholder Impact

• Shareholders: The transactions represent a routine aspect of executive compensation, which is a standard corporate governance practice. The net increase in shares held by the executive aligns their interests with shareholders.
• Employees: The vesting of performance stock units demonstrates the company's compensation structure for executives, potentially influencing employee perception of incentive programs.

Key Dates

Recommendation

This Form 4 details routine executive compensation and tax-related stock transactions. It does not provide new information that would fundamentally alter the investment thesis for Matador Resources Co, thus a 'hold' recommendation is maintained.

Keywords

Matador Resources, MTDR, Form 4, insider transaction, executive compensation, performance stock units, share withholding