Colodney Benjamin T 4

What Happened

• Benjamin T. Colodney, SVP & Chief Accounting Officer of Matador Resources (MTDR), made an open-market purchase of 250 shares on 2026-05-29 at $53.41 per share (total ~$13,353).
• The filing also reports conversion/exercise of derivative awards (two entries: 1,000 and 1,072 units) on 2026-05-01 (reported with $0.00 per-share proceeds) and a tax-withholding/net settlement of 447 shares on 2026-03-31 at $64.84 per share (total ~$28,983) to satisfy tax liabilities on vested awards.
• Separately, a portion of phantom-unit awards partially vested and were settled for cash (no shares issued) at $63.44 per unit based on the April 30, 2026 closing price.

Key Details

• Purchase: 250 shares on 2026-05-29 at $53.41 ($13,353). (Transaction code P = open-market purchase.)
• Derivative conversions/exercises: 1,000 and 1,072 units on 2026-05-01 (transaction code M = exercise/conversion); reported with $0 proceeds.
• Tax withholding: 447 shares withheld on 2026-03-31 at $64.84 ($28,983) to satisfy tax liability on vested restricted stock (transaction code F = tax withholding/net share settlement). No shares were sold by the reporting person to cover this tax liability.
• Footnotes of note: F1 (Employee Stock Purchase Plan mention), F4 (447 shares withheld related to vesting of 1,000 restricted shares granted 3/31/2023), F5–F7 (phantom units vesting schedule and cash settlement at $63.44 on partial May 1, 2026 vesting), F2–F3 (remaining restricted stock grants that vest in future years).
• Shares owned after the reported transactions: not specified in the provided filing details.
• Timeliness: Form filed 2026-06-02; filing was marked late (L) in the submission.

Context

• The 250-share open-market purchase is a straightforward buy (a modest positive signal for investors who track insider purchases).
• The M-code entries reflect award conversions/vesting rather than market sales; in connection with vesting, the company withheld shares to cover taxes (net-share settlement), and certain phantom-unit awards were cashed out for cash — no market sale of shares by Colodney was reported in those actions.
• These kinds of award vestings and tax withholdings are common in executive compensation and do not necessarily indicate a trading view; the direct purchase is the most informative single action here.