Lancaster David E 4
4 · Matador Resources Co · Filed Feb 17, 2021
Insider Transaction Report
Form 4
Lancaster David E
EVP, COO and CFO
Transactions
- Tax Payment
Common Stock
2021-02-16$20.07/sh−5,598$112,352→ 387,196 total - Exercise/Conversion
Phantom Units
2021-02-13−17,952→ 17,952 total→ Common Stock (17,952 underlying)
Holdings
- 85,500(indirect: Represents shares held of record by the reporting person's Individual Retirement Account.)
Common Stock
Footnotes (3)
- [F1]Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of 14,226 shares of restricted stock that were granted to the reporting person on February 16, 2018. No shares were sold by the reporting person to satisfy this tax liability.
- [F2]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 13, 2021 partial vesting of such award, the reporting person settled the phantom units for cash at a rate of $19.84 per unit based upon the closing price of the Issuer's common stock on February 12, 2021. No shares of common stock were issued to nor sold by the reporting person pursuant to this transaction.
- [F3]The phantom units vest in equal annual installments on the first, second and third anniversaries of the date of grant, February 13, 2019.