4//SEC Filing
Millican Steve 4
Accession 0001415889-22-001562
CIK 0001698990other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:12 PM ET
Size
16.9 KB
Accession
0001415889-22-001562
Insider Transaction Report
Form 4
Millican Steve
SVP- Operations
Transactions
- Award
Class A Common Stock
2022-02-16+1,200→ 263,531 total - Exercise/Conversion
Performance Share Units
2022-02-16−45,275→ 0 total→ Class A Common Stock (45,275 underlying) - Award
Performance Restricted Stock Units
2022-02-16+23,601→ 23,601 total→ Class A Common Stock (23,601 underlying) - Award
Performance Restricted Stock Units
2022-02-16+22,401→ 22,401 total→ Class A Common Stock (22,401 underlying) - Exercise/Conversion
Class A Common Stock
2022-02-16+45,275→ 280,404 total - Tax Payment
Class A Common Stock
2022-02-16$20.30/sh−18,073$366,882→ 262,331 total
Footnotes (4)
- [F1]Reflects performance share units ("PSUs"), the grant of which was previously reported in Table II of Mr. Millican's Form 4 filed on February 27, 2019 (the "Prior Form 4"). Each PSU, to the extent earned, represented a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"), and the officer could earn between 0% and 150% of the target number of PSUs reported on the Prior Form 4, based on the Company's relative total shareholder return performance for the specified period and subject to the officer's continued employment through the date of settlement of the PSUs. On February 16, 2022, the Compensation Committee certified that the Company's relative total shareholder return performance resulted in the officer earning 150% of the target number of PSUs.
- [F2]Reflects restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan, as amended from time to time (the "Plan"). Each RSU represents a contingent right to receive one share of Class A Common Stock of the Company. The RSUs will vest in four substantially equal installments on March 1, 2023, 2024, 2025, and 2026, subject to the officer's continued employment through the applicable vesting date.
- [F3]Reflects performance restricted stock units ("PRSUs") granted under the Plan. Each PRSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock of the Company, and the officer may earn either 0% or 100% of the target number of PRSUs reported above, based on the achievement of the specified stock appreciation goal during the performance period commencing February 16, 2022 and ending February 15, 2027. The PRSUs are also subject to service-based vesting conditions and will vest in three substantially equal installments on March 1, 2023, 2024, and 2025, subject to the officer's continued employment through the applicable vesting date.
- [F4]Reflects PRSUs granted under the Plan. Each PRSU, to the extent earned, represents a contingent right to receive one share of Class A Common Stock of the Company, and the officer may earn either 0% or 100% of the target number of PRSUs reported above, based on the achievement of the specified stock appreciation goal during the performance period commencing February 16, 2022 and ending February 15, 2027. The PRSUs are also subject to service-based vesting conditions and will vest in full on March 1, 2025, subject to the officer's continued employment through that date.
Documents
Issuer
Magnolia Oil & Gas Corp
CIK 0001698990
Entity typeother
Related Parties
1- filerCIK 0001757696
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:12 PM ET
- Size
- 16.9 KB