Foran Joseph Wm 4

What Happened
Joseph Wm Foran, Chairman & CEO of Matador Resources (MTDR), had multiple derivative vesting/settlement events and received a new equity-linked award in mid-February 2026. On Feb 14 and Feb 16, 2026 he settled a total of 33,333 phantom units (13,333 + 10,000 + 10,000) for cash at $47.80 per unit, yielding approximately $1,593,317.40. No common shares were issued or sold in those settlements. On Feb 17, 2026 he acquired (was granted) 70,000 phantom units as an award.

Key Details

• Transaction types: M = exercise/conversion (cash settlement of phantom units); A = grant/award (new phantom-unit award).
• Cash settlement: 33,333 phantom units × $47.80 = ~$1,593,317.40 (rate based on closing price on Feb 13, 2026). (Footnotes F1, F4)
• Grant: 70,000 phantom units awarded on Feb 17, 2026 (Footnotes F6–F7).
• Vesting: These phantom-unit awards generally vest in equal annual installments over three years (see Footnotes F2–F5, F7). Some prior grants had vesting anniversaries on Feb 14/Feb 16 of prior years.
• Ownership after transaction: Not specified in the provided filing details.
• Filing date: Report filed 2026-02-18 (covers transactions dated Feb 14–17, 2026).

Context

• Phantom units are cash-settled, stock‑linked awards that track the economic value of common shares but do not necessarily result in issuance of stock; here the settled units paid out cash and no shares were issued or sold.
• These actions appear to be routine compensation vesting/settlement and a new award grant — factual events tied to executive compensation rather than an open‑market buy or sell.