Willey Brian J 4
4 · Matador Resources Co · Filed Jun 23, 2023
Insider Transaction Report
Form 4
Willey Brian J
EVP and CFO
Transactions
- Exercise/Conversion
Phantom Units
2023-06-22−1,667→ 0 total→ Common Stock (1,667 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, 2023 vesting of such award, the reporting person settled the phantom units for cash at a rate of $50.17 per unit based upon the closing price of the Issuer's common stock on June 21, 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 installments on the first, second and third anniversaries of the date of grant, June 22, 2020.