Singleton Van H II 4
4 · Matador Resources Co · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Matador (MTDR) CoPres Van H. Singleton II Settles Phantom Units, Gets Award
What Happened
- Van H. Singleton II, Co-President — Land, A&D, Planning at Matador Resources (MTDR) — partially settled vested phantom unit awards for cash and received a new phantom-unit award. On Feb 14 and Feb 16, 2026, Singleton settled a total of 16,666 phantom units (6,666 + 5,000 + 5,000) and, per the filing, received approximately $47.80 per unit (cash settlement ≈ $796,635). On Feb 17, 2026, he was granted 35,000 new phantom units. No shares of Matador common stock were issued or sold in these transactions.
Key Details
- Transaction dates and cash amount:
- Feb 14, 2026: settled 6,666 and 5,000 phantom units (two partial vestings) at $47.80/unit.
- Feb 16, 2026: settled 5,000 phantom units at $47.80/unit.
- Total settled: 16,666 units → ≈ $796,635 cash (based on $47.80 closing price on Feb 13, 2026).
- Feb 17, 2026: grant of 35,000 phantom units (no cash paid; reported as an award).
- Shares issued/sold: No common shares were issued to or sold by the reporting person in connection with these settlements (cash-only settlements of phantom units).
- Vesting notes: The settlements relate to previously granted phantom-unit awards that vest in equal annual installments over three years (grant dates referenced in the filing include Feb 16, 2023; Feb 14, 2024; Feb 14, 2025).
- Shares owned after transaction: Not disclosed in this Form 4.
- Filing date: Form filed Feb 18, 2026 (transactions occurred Feb 14–17, 2026). The filing shows the reported transactions and related footnotes; verify timeliness against SEC reporting rules if relevant.
Context
- These were derivative (phantom unit) transactions — not exercises that produced company common stock. Phantom units are cash-settled awards that mirror share value; here the reporting person took cash for vested phantom units rather than receiving or selling actual shares.
- Grants and routine vesting/cash settlements are common components of executive compensation and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Singleton Van H II
CoPresident-Land, A&D,Planning
Transactions
- Exercise/Conversion
Phantom Units
[F1][F2]2026-02-14−6,666→ 13,334 total→ Common Stock (6,666 underlying) - Exercise/Conversion
Phantom Units
[F1][F3]2026-02-14−5,000→ 5,000 total→ Common Stock (5,000 underlying) - Exercise/Conversion
Phantom Units
[F4][F5]2026-02-16−5,000→ 0 total→ Common Stock (5,000 underlying) - Award
Phantom Units
[F6][F7]2026-02-17+35,000→ 35,000 total→ Common Stock (35,000 underlying)
Footnotes (7)
- [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 February 14, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. 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 annual installments on the first, second and third anniversaries of the date of grant, February 14, 2025.
- [F3]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2024.
- [F4]Each phantom unit is the economic equivalent of one share of common stock of the Issuer's common stock. As required by the terms of the award, upon the February 16, 2026 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $47.80 per unit based upon the closing price of the Issuer's common stock on February 13, 2026. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
- [F5]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 16, 2023.
- [F6]Each phantom unit is the economic equivalent of one share of the Issuer's common stock.
- [F7]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.
Signature
/s/ Van H. Singleton, II, by Cale L. Curtin as attorney-in-fact|2026-02-18