Matador Resources (NYSE: MTDR) SVP buys stock and settles 2,072 phantom units
Rhea-AI Filing Summary
Matador Resources SVP & Chief Accounting Officer Benjamin T. Colodney reported multiple equity-related transactions. On May 29, 2026, he made an open-market purchase of 250 shares of Matador common stock at $53.41 per share through his 401(k), bringing his indirect 401(k) holdings to 2,650 shares.
On May 1, 2026, he settled a total of 2,072 phantom units, each economically equivalent to one share of common stock, for cash at $63.44 per unit; no common shares were issued or sold in that transaction. On March 31, 2026, 447 shares of common stock were withheld at $64.84 per share to satisfy tax liabilities upon vesting of 1,000 restricted shares, after which he directly held 9,603 common shares including restricted stock awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 197 shares
Net Sell
4 txns
Insider
Colodney Benjamin T
Role
SVP & Chief Accounting Officer
Bought
250 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 250 | $53.41 | $13K |
| Exercise | Phantom Units | 1,000 | $0.00 | $0.00 |
| Exercise | Phantom Units | 1,072 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 447 | $64.84 | $29K |
Holdings After Transaction:
Phantom Units — 3,146 shares (Direct);
Common Stock — 2,650 shares (Indirect, Represents shares held of record by the reporting person's 401(k) account);
Common Stock — 9,603 shares (Direct)
Footnotes (7)
- F1. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3.
- F2. Includes 3,000 shares of restricted stock granted to the reporting person on October 29, 2024 that vest on May 1, 2027.
- F3. Includes 3,218 shares of restricted stock granted to the reporting person on July 21, 2025 that vest on May 1, 2028.
- F4. Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 1,000 shares of restricted stock that were granted to the reporting person on March 31, 2023. No shares were sold by the reporting person to satisfy this tax liability.
- F5. Each phantom unit is the economic equivalent of one share of the Issuer's common stock. As required by the terms of the award, upon the May 1, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $63.44 per unit based upon the closing price of the Issuer's common stock on April 30, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
- F6. The phantom units vest in equal installments on May 1, 2025, May 1, 2026 and May 1, 2027.
- F7. The phantom units vest in equal annual installments on May 1, 2026, May 1, 2027 and May 1, 2028.
Key Figures
Open-market purchase: 250 shares at $53.41/share
Indirect 401(k) holdings: 2,650 shares
Tax-withholding shares: 447 shares at $64.84/share
+4 more
7 metrics
Open-market purchase
250 shares at $53.41/share
Common stock bought on May 29, 2026 via 401(k)
Indirect 401(k) holdings
2,650 shares
Common stock held of record in 401(k) after purchase
Tax-withholding shares
447 shares at $64.84/share
Shares withheld on March 31, 2026 to satisfy tax liability
Direct common stock holdings
9,603 shares
Common shares directly held after March 31, 2026 withholding
Phantom units settled
2,072 units at $63.44/unit
Cash settlement on May 1, 2026; no common shares issued
Restricted stock grant 2024
3,000 shares
Granted Oct 29, 2024; vesting on May 1, 2027
Restricted stock grant 2025
3,218 shares
Granted Jul 21, 2025; vesting on May 1, 2028
Key Terms
Phantom Units, Employee Stock Purchase Plan, restricted stock, net share settlement, +1 more
5 terms
Phantom Units financial
"Each phantom unit is the economic equivalent of one share of the Issuer's common stock."
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
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.
restricted stock financial
"Includes 3,000 shares of restricted stock granted to the reporting person on October 29, 2024 that vest on May 1, 2027."
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Matador Resources (MTDR) insider Benjamin Colodney buy?
Benjamin T. Colodney purchased 250 shares of Matador Resources common stock at $53.41 per share on May 29, 2026. The purchase was made through his 401(k) account, raising his indirect retirement-plan holdings to 2,650 shares of common stock.
What happened to Benjamin Colodney’s phantom units in Matador Resources (MTDR)?
On May 1, 2026, Colodney settled 2,072 phantom units for cash, at $63.44 per unit based on the April 30, 2026 closing price. Each phantom unit was economically equivalent to one share, but no common shares were issued or sold in this transaction.
What restricted stock awards does Colodney hold in Matador Resources (MTDR)?
Footnotes state Colodney’s holdings include 3,000 restricted shares granted October 29, 2024 vesting May 1, 2027, and 3,218 restricted shares granted July 21, 2025 vesting May 1, 2028. These awards form part of his overall direct common stock holdings.
How are Colodney’s Matador Resources (MTDR) 401(k) holdings reported?
The Form 4 notes that 2,650 Matador shares are held of record in Colodney’s 401(k) account, reported as indirect ownership. This total includes 250 shares acquired on May 29, 2026 at $53.41 per share and shares acquired under the Employee Stock Purchase Plan.