Adams Craig N 4
4 · Matador Resources Co · Filed Mar 13, 2023
Insider Transaction Report
Form 4
Adams Craig N
VP and General Counsel
Transactions
- Exercise/Conversion
Phantom Units
2023-03-10−22,562→ 0 total→ Common Stock (22,562 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 March 10, 2023 vesting of such award, the reporting person settled the phantom units for cash at a rate of $52.72 per unit based upon the closing price of the Issuer's common stock on March 9, 2023. 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 annual installments on the first, second and third anniversaries of the date of grant, March 10, 2020.