Macalik Robert T 4
4 · Matador Resources Co · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Matador (MTDR) CFO Robert Macalik Receives 27,000-Unit Award
What Happened
- Robert T. Macalik, CFO of Matador Resources (MTDR), had multiple insider transactions reported for Feb 14–17, 2026. He was granted 27,000 phantom units (award) on Feb 17, 2026. On Feb 14, 2026 he had 6,000 phantom units settled (exercise/conversion) and cash-settled at $47.80 per unit (no shares issued). Also, 2,362 shares were withheld by the company to satisfy tax withholding on vesting restricted stock (1,312 shares on Feb 14 and 1,050 shares on Feb 16) at $47.80 per share (total withheld cash value ≈ $112,904; cash settlement of 6,000 units ≈ $286,800).
Key Details
- Transaction dates and prices:
- 2026-02-14: 6,000 derivative units exercised/converted and settled (M), cash settlement based on $47.80 closing price (no shares issued).
- 2026-02-14: 1,312 shares withheld for tax (F) at $47.80 (value $62,714).
- 2026-02-16: 1,050 shares withheld for tax (F) at $47.80 (value $50,190).
- 2026-02-17: 27,000 phantom units granted (A), reported as acquired (derivative award).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- Withheld shares (F1, F3) represent net share settlement to satisfy tax liabilities on vesting restricted stock; no shares were sold by the reporting person to cover taxes.
- Phantom units are economic equivalents of shares and vest on multi-year schedules; the partial vesting on Feb 14, 2026 was cash-settled at $47.80/unit (F5–F8).
- Some referenced plan acquisitions are exempt under Rule 16b-3 (ESPP-related) per footnotes.
- Filing: Form filed 2026-02-18 covering activity 2/14–2/17, 2026 (no late-filing flag is indicated in the provided data).
Context
- These were not open-market purchases or sales of common stock. The 6,000-unit transaction was a cash settlement of vested phantom units (no shares issued or sold). The withheld 2,362 shares reflect net share settlement to cover tax obligations on vested restricted stock rather than a market sale by the insider.
- Grants/awards (the 27,000 phantom units) are awards, not immediate purchases; vesting schedules and cash/stock settlement terms determine future economic impact.
Insider Transaction Report
Form 4
Macalik Robert T
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-14$47.80/sh−1,312$62,714→ 109,807 total - Tax Payment
Common Stock
[F3][F4]2026-02-16$47.80/sh−1,050$50,190→ 108,757 total - Exercise/Conversion
Phantom Units
[F5][F6]2026-02-14−6,000→ 12,000 total→ Common Stock (6,000 underlying) - Award
Phantom Units
[F7][F8]2026-02-17+27,000→ 27,000 total→ Common Stock (27,000 underlying)
Holdings
- 35,039(indirect: Represents shares held of record by the reporting person's Individual Retirement Account)
Common Stock
Footnotes (8)
- [F1]Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 3,333 shares of restricted stock that were granted to the reporting person on February 14, 2024. No shares were sold by the reporting person to satisfy this tax liability.
- [F2]Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant; and (iii) 2,667 shares of restricted stock granted to the reporting person on February 16, 2023 that vest on the third anniversary of the date of grant.
- [F3]Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 2,667 shares of restricted stock that were granted to the reporting person on February 16, 2023. No shares were sold by the reporting person to satisfy this tax liability.
- [F4]Includes (i) shares acquired pursuant to the Issuer's Employee Stock Purchase Plan; such acquisitions are exempt under Rule 16b-3; and (ii) 3,333 shares of restricted stock granted to the reporting person on February 14, 2024 that vest in equal annual installments on the second and third anniversaries of the date of grant.
- [F5]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.
- [F6]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 14, 2025.
- [F7]Each phantom unit is the economic equivalent of one share of the Issuer's common stock.
- [F8]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant.
Signature
/s/ Robert T. Macalik, by Cale L. Curtin as attorney-in-fact|2026-02-18