Krug George G 4

4 · Matador Resources Co · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

Matador (MTDR) EVP George Krug Settles Phantom Units for Cash

What Happened

George G. Krug, EVP — Marketing and Midstream at Matador Resources (MTDR), settled a total of 16,666 phantom units for cash upon partial vesting in mid‑February 2026. The units were settled at $47.80 per unit (based on the closing price on Feb 13, 2026), yielding approximately $796,635 in cash.
These were not open‑market sales of shares nor new share issuances. The transactions are cash settlements of equity‑based awards that vested according to their grant schedules.

Key Details

Transactions: Feb 14, 2026 — 6,666 phantom units (settled for cash); Feb 14, 2026 — 5,000 phantom units (settled for cash); Feb 16, 2026 — 5,000 phantom units (settled for cash). All settled at $47.80/unit.
Total units settled: 16,666; approximate total cash value: $796,635.
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes / vesting: Each phantom unit equals the economic equivalent of one share. The units cited were partial vestings from grants dated Feb 16, 2023; Feb 14, 2024; and Feb 14, 2025, which vest in equal annual installments over three years. No common shares were issued or sold by the reporting person in these transactions.
Filing date: Form filed on Feb 18, 2026 (transactions reported with period of report Feb 14, 2026).

Context

Phantom unit settlement = cash payout tied to share price. This is a routine compensation event (vesting/settlement of equity awards) rather than an open‑market buy or sale of actual shares. It does not by itself indicate insider buying or selling of company stock on the market.
For retail investors: such settlements reflect compensation recognition and provide economic exposure without changing the insider’s share count (when no shares are issued).

Form 4

Period: 2026-02-14

EVP - Mktg and Midstream

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)

Footnotes (5)

[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 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.

Signature

/s/ George G. Krug, by Cale L. Curtin as attorney-in-fact|2026-02-18

1 file