Chase Valerie 4
4 · Magnolia Oil & Gas Corp · Filed Feb 22, 2021
Insider Transaction Report
Form 4
Chase Valerie
VP - CAO & Controller
Transactions
- Award
Class A Common Stock
2021-02-18+1,200→ 62,919 total - Award
Performance Restricted Stock Units
2021-02-18+19,527→ 19,527 total→ Class A Common Stock (19,527 underlying) - Award
Performance Restricted Stock Units
2021-02-18+18,327→ 18,327 total→ Class A Common Stock (18,327 underlying)
Footnotes (3)
- [F1]Reflects restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan, as amended from time to time (the "Plan"). Each RSU represents a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"). The RSUs will vest in three substantially equal installments on March 1, 2022, 2023, and 2024, subject to the officer's continued employment through the applicable vesting date.
- [F2]Reflects performance restricted stock units ("PRSUs") granted under the Plan. Each PRSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock of the Company, and the officer may earn either 0% or 100% of the target number of PRSUs reported above, based on the achievement of the specified stock appreciation goal during the performance period commencing February 18, 2021 and ending February 17, 2026. The PRSUs are also subject to service-based vesting conditions and will vest in three substantially equal installments on March 1, 2022, 2023, and 2024, subject to the officer's continued employment through the applicable vesting date.
- [F3]Reflects PRSUs granted under the Plan. Each PRSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock of the Company, and the officer may earn either 0% or 100% of the target number of PRSUs reported above, based on the achievement of the specified stock appreciation goal during the performance period commencing February 18, 2021 and ending February 17, 2026. The PRSUs are also subject to service-based vesting conditions and will vest in full on March 1, 2024, subject to the officer's continued employment through that date.