Krug George G 4

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).