Matador Resources (NYSE: MTDR) EVP reports phantom unit grant and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matador Resources EVP and COO Christopher P. Calvert reported a mix of equity awards, cash settlements, and tax-related share withholdings. He received a grant of 27,000 phantom units, each economically equivalent to one share of common stock and vesting in equal annual installments on the first, second and third anniversaries of the grant date.
Calvert also exercised 6,000 phantom units, which were settled for cash at $47.80 per unit based on the common stock closing price on February 13, 2026, with no common shares issued or sold. To cover tax liabilities on vesting restricted stock, the issuer withheld 1,312 and 1,050 common shares at $47.80 per share; the filing notes no shares were sold by Calvert for these taxes. After these transactions, he directly owned 85,312 common shares and indirectly held 40,000 shares through his 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,000 shares exercised/converted
Mixed
5 txns
Insider
Calvert Christopher P
Role
EVP and COO
| 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 — 85,312 shares (Direct);
Common Stock — 40,000 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 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) EVP Christopher Calvert report?
Christopher Calvert reported a grant of 27,000 phantom units, a 6,000-unit phantom cash settlement, and tax-related withholdings of 1,312 and 1,050 common shares at $47.80. These actions reflect equity compensation activity rather than open-market buying or selling.
How many phantom units did MTDR executive Christopher Calvert receive and how do they work?
Calvert received 27,000 phantom units, each economically equivalent to one share of Matador Resources common stock. The units vest in equal annual installments on the first, second, and third anniversaries of the grant date, providing long-term, stock-linked incentive compensation without immediately issuing new shares.
What price was used for Matador Resources (MTDR) phantom unit cash settlement?
The phantom units were settled for cash at $47.80 per unit, based on the closing price of Matador Resources common stock on February 13, 2026. This price applied to the 6,000 phantom units that were exercised and converted into a cash payment instead of common shares.
What type of disposals are shown for MTDR in Christopher Calvert’s Form 4?
The disposals are tax-withholding events coded as “F,” where the issuer withheld 1,312 and 1,050 shares at $47.80 to cover taxes on vesting restricted stock. The filing specifically notes that no shares were sold by Calvert to satisfy these tax obligations.