Frenzel Michael D 4
4 · Matador Resources Co · Filed Jun 23, 2022
Insider Transaction Report
Form 4
Frenzel Michael D
EVP, Treasurer (PFO)
Transactions
- Exercise/Conversion
Phantom Units
2022-06-22−1,250→ 1,250 total→ Common Stock (1,250 underlying)
Footnotes (2)
- [F1]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 June 22, 2022 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $53.64 per unit based upon the closing price of the Issuer's common stock on June 21, 2022. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
- [F2]The phantom units vest in equal installments on the second and third anniversaries of the date of grant, June 22, 2020.