Matador Resources (MTDR) COO adds 500 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matador Resources Co EVP and COO Glenn W. Stetson reported an open-market purchase of 500 shares of common stock at $53.41 per share. This increases his direct ownership to 95,470 shares following the transaction.
The reported holdings include 3,334 shares of restricted stock granted on February 14, 2024 that vest on the third anniversary of that grant date, as well as shares acquired through the company’s Employee Stock Purchase Plan under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares ($26,705)
Net Buy
1 txn
Insider
Stetson Glenn W
Role
EVP and COO
Bought
500 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 500 | $53.41 | $27K |
Holdings After Transaction:
Common Stock — 95,470 shares (Direct, null)
Footnotes (1)
- Includes 3,334 shares of restricted stock granted to the reporting person on February 14, 2024 that vest on the third anniversary of the date of grant. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
Key Figures
Shares purchased: 500 shares
Purchase price: $53.41 per share
Direct holdings after transaction: 95,470 shares
+1 more
4 metrics
Shares purchased
500 shares
Open-market buy on June 9, 2026
Purchase price
$53.41 per share
Open-market transaction
Direct holdings after transaction
95,470 shares
Total common stock owned following trade
Restricted stock grant
3,334 shares
Granted February 14, 2024; vests on third anniversary
Key Terms
open-market purchase, restricted stock, Employee Stock Purchase Plan, Rule 16b-3
4 terms
open-market purchase financial
"reported an open-market purchase of 500 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
restricted stock financial
"Includes 3,334 shares of restricted stock granted to the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Employee Stock Purchase Plan financial
"Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3 regulatory
"Such acquisitions are exempt under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did Matador Resources (MTDR) report for Glenn W. Stetson?
Matador Resources reported that EVP and COO Glenn W. Stetson bought 500 common shares in an open-market transaction at $53.41 per share. This Form 4 filing reflects a direct increase in his equity stake in the company.
What restricted stock awards does Glenn W. Stetson have from Matador Resources (MTDR)?
His reported holdings include 3,334 shares of restricted stock granted on February 14, 2024. These restricted shares vest on the third anniversary of the grant date, aligning part of his compensation with longer-term company performance and retention.
Is this Matador Resources (MTDR) insider transaction a purchase or a sale?
This Form 4 reports a purchase, not a sale. Glenn W. Stetson executed an open-market buy of 500 Matador common shares, increasing his total direct holdings rather than reducing his position in the company’s stock.