Corales Brian 4
4 · Magnolia Oil & Gas Corp · Filed Feb 15, 2024
Insider Transaction Report
Form 4
Corales Brian
SVP & CHIEF FINANCIAL OFFICER
Transactions
- Award
Class A Common Stock
2024-02-13+61,606→ 174,528 total - Award
Performance Share Units
2024-02-13+61,606→ 61,606 total→ Class A Common Stock (61,606 underlying)
Footnotes (2)
- [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 of the Company. The RSUs will vest in three substantially equal installments on March 1, 2025, 2026, and 2027, subject to the officer's continued employment through the applicable vesting date.
- [F2]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, 2024 and ending December 31, 2026, 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).