Matador Resources (MTDR) EVP awarded shares as 2023 performance grant settles

Rhea-AI Filing Summary

Matador Resources reported an insider equity award for EVP-Production Glenn W. Stetson. On January 6, 2026, he received 3,480 shares of common stock at $0 per share from settlement of a performance stock unit award granted on February 16, 2023, which settled at 58% of target based on the company’s relative total shareholder return over a three-year period from January 1, 2023 to December 31, 2025.

To cover tax obligations on this settlement, the company withheld 1,485 shares at a price of $41.41 per share; the filing notes that no shares were sold by Stetson to satisfy this tax liability. After these transactions, he directly owns 96,832 shares of Matador common stock, including shares acquired through the Employee Stock Purchase Plan, 2,667 restricted shares granted on February 16, 2023 that vest on the third anniversary of grant, and 6,667 restricted shares granted on February 14, 2024 that vest in equal installments on the second and third anniversaries of grant.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stetson Glenn W

(Last) (First) (Middle)

5400 LBJ FREEWAY

SUITE 1500

(Street)

DALLAS TX 75240

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Matador Resources Co [ MTDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Production

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2026		A		3,480(1)	A	$0	98,317(2)(3)(4)	D
Common Stock	01/06/2026		F		1,485(5)	D	$41.41	96,832(2)(3)(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares received in settlement of performance stock units granted to the reporting person on February 16, 2023 (the "2023 Performance Stock Grant"), which 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.

2. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.

3. Includes 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant.

4. Includes 6,667 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant.

5. Represents shares 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.

Remarks:

	/s/ Glenn W. Stetson, by Cale L. Curtin as attorney-in-fact	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider equity transaction did Matador Resources (MTDR) disclose for Glenn W. Stetson?

The filing shows that EVP-Production Glenn W. Stetson received 3,480 shares of Matador Resources common stock on January 6, 2026 from the settlement of a performance stock unit grant made on February 16, 2023.

Why did Glenn W. Stetson receive 3,480 MTDR shares, and how was performance measured?

The 3,480 shares represent settlement of the 2023 Performance Stock Grant, which vested at 58% of target based on Matador’s relative total shareholder return over a three-year period from January 1, 2023 to December 31, 2025.

Were any Matador Resources (MTDR) shares sold by Glenn W. Stetson in this Form 4?

No. The filing states that 1,485 shares were withheld by the issuer at $41.41 per share to satisfy tax liability on the award settlement, and that no shares were sold by Stetson for this purpose.

How many Matador Resources (MTDR) shares does Glenn W. Stetson own after these transactions?

Following the reported transactions, Glenn W. Stetson directly owns 96,832 shares of Matador Resources common stock, which includes shares from the Employee Stock Purchase Plan and restricted stock awards.

What restricted stock awards for Glenn W. Stetson are referenced in the Matador Resources (MTDR) filing?

The disclosure notes 2,667 restricted shares granted on February 16, 2023 that vest on the third anniversary of grant, and 6,667 restricted shares granted on February 14, 2024 that vest in equal annual installments on the second and third anniversaries.

Does the Matador Resources (MTDR) insider filing mention shares from an Employee Stock Purchase Plan?

Yes. The footnotes state that Stetson’s reported holdings include shares acquired under the Employee Stock Purchase Plan, and these acquisitions are described as exempt under Rule 16b-3.