4//SEC Filing
Corales Brian 4
Accession 0001415889-23-002599
CIK 0001698990other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 4:18 PM ET
Size
14.3 KB
Accession
0001415889-23-002599
Insider Transaction Report
Form 4
Corales Brian
SVP & CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Class A Common Stock
2023-02-13+13,206→ 98,416 total - Tax Payment
Class A Common Stock
2023-02-13$23.07/sh−3,473$80,122→ 94,943 total - Award
Class A Common Stock
2023-02-13+22,574→ 117,517 total - Exercise/Conversion
Performance Share Units
2023-02-13−13,206→ 0 total→ Class A Common Stock (13,206 underlying) - Award
Performance Share Units
2023-02-13+22,574→ 22,574 total→ Class A Common Stock (22,574 underlying)
Footnotes (3)
- [F1]Reflects performance share units ("PSUs"), previously reported in Table II of Mr. Corales's Form 3 filed on November 4, 2022 (the "Prior Report"). Each PSU, to the extent earned, represented a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"), and the officer could earn between 0% and 150% of the target number of PSUs reported on the Prior Report, based on the Company's relative total shareholder return performance for the specified period and subject to the officer's continued employment through the date of settlement of the PSUs. On February 13, 2023, the Compensation Committee certified that the Company's relative total shareholder return performance resulted in the officer earning 104.66% of the target number of PSUs.
- [F2]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 of the Company. The RSUs will vest in three substantially equal installments on March 1, 2024, 2025, and 2026, subject to the officer's continued employment through the applicable vesting date.
- [F3]Reflects performance share units ("PSUs") granted under the Plan. Each PSU, 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 between 0% and 150% of the target number of PSUs reported above, based on the Compensation Committee's certification of the relative total shareholder return of the Company measured against a peer group of companies for the performance period commencing January 1, 2023 and ending December 31, 2025, and subject to the officer's continued employment through the date of settlement of the PSUs (which will occur within 60 days following the conclusion of the performance period).
Documents
Issuer
Magnolia Oil & Gas Corp
CIK 0001698990
Entity typeother
Related Parties
1- filerCIK 0001952725
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 4:18 PM ET
- Size
- 14.3 KB