Magnolia Oil & Gas (MGY) CFO Brian Corales Receives Award, Sells Shares

What Happened

• Brian Corales, Chief Financial Officer of Magnolia Oil & Gas (MGY), was granted 12,193 shares (award) on 2026-09-24 and on the same date had 4,798 shares withheld to cover tax liabilities. The withheld shares were recorded at $24.74 each, producing gross consideration of approximately $118,703. The award shares were granted with a $0 per-share acquisition price (typical of restricted stock or RSU awards). Net shares delivered to Corales after withholding: 12,193 - 4,798 = 7,395 shares.

Key Details

• Transaction dates: 2026-09-24 (award and tax withholding)
• Award: 12,193 shares @ $0.00 (code A — grant/award)
• Tax withholding: 4,798 shares @ $24.74 (code F — tax withholding), ~ $118,703
• Net shares retained by insider after withholding: ~7,395 shares
• Shares owned after transaction: not specified in the provided filing data
• Filing: Form 4 filed 2026-09-25 (appears timely based on the report date)
• Notes: Code F indicates shares were surrendered/withheld to satisfy tax obligations rather than an open-market sale

Context

• This was an equity award issuance with shares withheld for taxes — a routine administrative transaction that reflects compensation tax withholding, not an open-market sale for cash proceeds or a purchase that signals additional insider buying. Such withholdings are common when restricted shares or RSUs vest and do not, by themselves, indicate manager sentiment about the stock.