Adams Craig N 4
4 · Matador Resources Co · Filed Feb 17, 2023
Insider Transaction Report
Form 4
Adams Craig N
VP and General Counsel
Transactions
- Award
Phantom Units
2023-02-16+15,000→ 15,000 total→ Common Stock (15,000 underlying) - Exercise/Conversion
Phantom Units
2023-02-17−8,046→ 16,092 total→ Common Stock (8,046 underlying)
Footnotes (4)
- [F1]Each phantom unit is the economic equivalent of one share of common stock of Issuer.
- [F2]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.
- [F3]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 17, 2023 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $62.03 per unit based upon the closing price of the Issuer's common stock on February 16, 2023. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
- [F4]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 17, 2022.