Matador Resources (MTDR) CEO Foran logs 2023 performance share settlement
Rhea-AI Filing Summary
Matador Resources Company reported an insider equity transaction by Chairman and CEO Joseph Wm. Foran. On January 6, 2026, he received 11,600 shares of common stock at $0 in settlement of a 2023 performance stock unit grant that vested at 58% of target based on relative total shareholder return for the period from January 1, 2023 to December 31, 2025.
On the same date, 4,798 shares were withheld by the company at $41.41 per share to cover tax obligations related to this settlement, and no shares were sold by him to pay these taxes. Following these transactions, he directly owns 30,854 shares of common stock, and additional shares are held indirectly through various family trusts, GRATs and a family limited partnership, for which he generally disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,600 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,798 | $41.41 | $199K |
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Footnotes (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. Includes shares acquired pursuant to the Issuer's Employee Stock Purchase Plan. Such acquisitions are exempt under Rule 16-b3. 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. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof. Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person's spouse to the trust, pursuant to the terms thereof. Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person. Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "2011 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2011 Non-GST Trusts, retain the power of substitution with respect to the property of the 2011 Non-GST Trusts. Represents shares held of record collectively by the LRF 2020 Non-GST Trust, WJF 2020 Non-GST Trust, SIF 2020 Non-GST Trust and MCF 2020 Non-GST Trust (collectively, the "2020 Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the 2020 Non-GST Trusts, retain the power of substitution with respect to the property of the 2020 Non-GST Trusts. Represents shares held of record by the JWF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2024-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2024-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2025-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the JWF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the NNF 2025-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
FAQ
What insider transaction did Matador Resources (MTDR) report for Joseph Wm. Foran?
Matador Resources reported that Chairman and CEO Joseph Wm. Foran received 11,600 shares of common stock on January 6, 2026 from the settlement of a 2023 performance stock unit grant, with related tax withholding in stock.
What indirect Matador Resources (MTDR) holdings are associated with Joseph Wm. Foran?
The Form 4 lists additional common shares held through multiple family trusts, GRATs and a family limited partnership. The filing notes these are record holdings of entities such as the Foran 2012 Savings Trust, Foran 2012 Security Trust, Sage Resources, Ltd., various 2011 and 2020 Non-GST Trusts, and several 2024 and 2025 GRATs, with the reporting person generally disclaiming beneficial ownership except for his pecuniary interest.
What is notable about the performance condition in Matador Resources (MTDR) CEO’s 2023 stock grant?
The 2023 Performance Stock Grant settled at 58% of target, based on the issuer’s relative total shareholder return measured over a three-year performance period from January 1, 2023 to December 31, 2025.