Matador (MTDR) Co-President reports phantom unit grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matador Resources Co executive Bryan A. Erman, Co-President, CLO & Head of M&A, reported equity-related compensation and tax-withholding activity. He received a grant of 35,000 phantom units, each economically equivalent to one share of common stock. On February 14, 2026, he exercised 6,000 and 5,000 phantom units, settling them for cash at $47.80 per unit; no common shares were issued or sold in those transactions. On February 16, 2026, 1,050 common shares were withheld at $47.80 per share to cover taxes upon vesting of 2,667 restricted shares, and no shares were sold by him to pay this liability. Following these events, he directly held 78,566 common shares, plus 4,250 shares in a 401(k) and 2,400 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,000 shares exercised/converted
Mixed
6 txns
Insider
Erman Bryan A
Role
Co-President,CLO & Head of M&A
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 35,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,050 | $47.80 | $50K |
| Exercise | Phantom Units | 6,000 | $0.00 | -- |
| Exercise | Phantom Units | 5,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 35,000 shares (Direct);
Common Stock — 78,566 shares (Direct);
Common Stock — 4,250 shares (Indirect, Represents shares held of record by the reporting person's 401(k) account)
Footnotes (1)
- Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16b-3. 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 February 14, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction. The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2025 The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2024. Each phantom unit is the economic equivalent of one share of the Issuer's common stock. The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.
