Matador Resources (NYSE: MTDR) CFO reports phantom unit grant and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matador Resources EVP and CFO Robert T. Macalik reported several equity-related transactions. He received a grant of 27,000 phantom units, each economically equivalent to one share of common stock, which vest in equal annual installments on the first, second and third anniversaries of the grant date.
The filing also shows tax-related activity rather than market sales. Shares of common stock were withheld by the company at $47.80 per share to cover tax liabilities upon the vesting of restricted stock awards, and phantom units were partially settled for cash at the same price. Footnotes state that no shares were sold by the reporting person in these transactions. After these events, Macalik holds over 100,000 shares of common stock directly, plus additional shares through an Individual Retirement Account and outstanding restricted stock awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,000 shares exercised/converted
Mixed
5 txns
Insider
Macalik Robert T
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 27,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,050 | $47.80 | $50K |
| Exercise | Phantom Units | 6,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,312 | $47.80 | $63K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Units — 27,000 shares (Direct);
Common Stock — 108,757 shares (Direct);
Common Stock — 35,039 shares (Indirect, Represents shares held of record by the reporting person's Individual Retirement 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 3,333 shares of restricted stock that were granted to the reporting person on February 14, 2024. No shares were sold by the reporting person to satisfy this tax liability. Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 3,333 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; and (iii) 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. 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 (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; and (ii) 3,333 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. 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. 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.
FAQ
What insider transactions did Matador Resources (MTDR) CFO Robert Macalik report?
Robert Macalik reported a grant of 27,000 phantom units and tax-related share withholdings tied to restricted stock vesting. He also reported a partial cash settlement of phantom units and updated holdings in both directly owned shares and an Individual Retirement Account.
What are the phantom units reported by Matador Resources (MTDR) CFO?
The phantom units are awards whose value equals one share of Matador Resources common stock. They vest in annual installments and, in this case, were partially settled for cash at $47.80 per unit, based on the stock’s closing price before the vesting date.
What do the tax-withholding dispositions mean in the Matador Resources (MTDR) Form 4?
The tax-withholding dispositions reflect shares the company withheld at $47.80 per share to pay income taxes when restricted stock vested. These are non-market transactions, and the filing notes that Macalik did not sell shares himself to cover these tax liabilities.
How are the Matador Resources (MTDR) CFO’s IRA holdings reflected in the filing?
The filing shows 35,039 Matador Resources shares held indirectly in Robert Macalik’s Individual Retirement Account. A footnote clarifies this IRA ownership, distinguishing it from his directly held common stock and other equity awards such as restricted stock and phantom units.