Earnings Feed
Start Free
Matador Resources Co·4

Feb 18, 6:47 PM ET

Macalik Robert T 4

Research Summary

AI-generated summary

Updated

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.