Foran Joseph Wm 4
Research Summary
AI-generated summary
Matador (MTDR) CEO Joseph Foran Buys 482 Shares
What Happened
Joseph Wm Foran, Chairman and CEO (and a director) of Matador Resources Co (MTDR), made an open-market purchase of 482 shares on 2026-05-29. The reported weighted-average price was $52.70 per share, for a total reported purchase value of $25,401. This transaction is coded as a purchase (P) on the Form 4.
Key Details
- Transaction date: 2026-05-29 (reported on Form 4 filed 2026-06-02).
- Shares bought: 482; weighted-average price: $52.70; total value: $25,401.
- Price range: purchases occurred at prices between $52.57 and $52.73 per share (footnote F1 explains the weighted average).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Notable footnotes: F1 (weighted-average price and price range disclosure); F3 and F10–F16 describe various trust ownerships/ trustee roles and disclaimers of beneficial ownership for certain trust-held shares.
- Timeliness: Form filed 2026-06-02 for a 2026-05-29 transaction; the filing appears to be within the standard Form 4 reporting window.
Context
- Code P indicates an outright purchase (open-market buy), which for many investors is viewed as a straightforward insider purchase (as opposed to option exercise or a gift).
- Footnotes about trusts and trustee powers mean some Matador shares are held in various family/GRAT trusts for which Foran serves as trustee and over which he may have voting/investment power; those holdings are reported separately and do not necessarily reflect personal beneficial ownership beyond disclosed interests.
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