Ward Susan M 4

What Happened
Susan M. Ward, a director of Matador Resources Co. (MTDR), was granted 3,642 restricted stock units (RSUs) on June 11, 2026. The grant is recorded at $0.00 per unit (no cash purchase); the RSUs will convert to an equal number of common shares when delivered per the plan.

Key Details

• Transaction date: 2026-06-11. Transaction code: A (award/grant).
• Award: 3,642 RSUs; price reported: $0.00; immediate cash value not recorded in the Form 4.
• Vesting: RSUs vest on June 11, 2027, or, if sooner, immediately prior to the election of director nominees at the 2027 annual meeting.
• Delivery/deferral: Under the Issuer’s Nonqualified Deferred Compensation Plan for Non‑Employee Directors, the reporting person has deferred delivery of vested RSUs. Vested RSUs will be delivered within 30 days of (i) separation of service or (ii) a change in control, in an equal number of common shares.
• Shares owned after transaction: Not reported in the provided filing.
• Filing timing: Report filed 2026-06-15 for a 2026-06-11 transaction (file appears later than the typical two-business-day Form 4 deadline).

Context
This was a compensation grant to a non-employee director (RSUs), not a purchase or sale. RSU grants are common director pay and do not by themselves indicate a trading view—shares are issued later when RSUs vest and are delivered per the deferral plan.