Foran Joseph Wm 4
Research Summary
AI-generated summary
Matador (MTDR) CEO Joseph W. Foran Buys 2,000 Shares
What Happened Joseph W. Foran, Chairman, CEO and a Director of Matador Resources (MTDR), acquired 2,000 shares in an open-market purchase on June 4, 2026 at $56.25 per share, for a total cash outlay of $112,500. This was a purchase (code P), which investors often view as a more informative/positive insider action than routine selling.
Key Details
- Transaction date and price: 2026-06-04 — 2,000 shares at $56.25 each (total ≈ $112,500).
- Transaction type: Open-market purchase (code P).
- Filing date: 2026-06-08. Filing appears timely (filed within two business days after the trade).
- Shares owned after transaction: not specified in the excerpt provided; see the full Form 4 for post-transaction beneficial ownership totals.
- Notable footnotes: filing includes various trust-related footnotes (F10–F15, F3–F9) indicating many holdings are held of record by GRATs/trusts for which Foran is trustee or a settlor; F2 contains a disclaimer regarding beneficial ownership; F1 notes ESPP acquisitions are exempt under Rule 16b-3 (not directly applicable to this open-market purchase).
Context Open-market purchases by an insider like the CEO can signal confidence but do not prove future performance; trust-held shares and the reporting-person disclaimer mean some holdings are held in fiduciary structures rather than as direct personal ownership. For full holding details and any additional context (e.g., prior transactions or 10b5-1 plans), consult the complete Form 4 filing (Accession #0001540655-26-000010).