Form 4 for MGY Magnolia Oil & Gas Corp

Accepted 2024-02-15 00:00:00 ET · period of report 2024-02-13 · accession 0001415889-24-003904 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2024-02-15	2024-02-13	MGY	Millican Steve	SVP - Ops	A - Grant	$0.00	+28.1K	357.9K	+9%	$0
D	2024-02-15	2024-02-13	MGY	Millican Steve	SVP - Ops	A - Grant	$0.00	+28.1K	28.1K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2024-02-13	A	A	28,055	$0.00	357,916	D	—	—	(F1) 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 three substantially equal installments on March 1, 2025, 2026, and 2027, subject to the officer's continued employment through the applicable vesting date.
2	Derivative	Performance Share Units	2024-02-13	A	A	28,055	$0.00	28,055	D	— · — to —	28,055 Class A Common Stock	(F2) Reflects performance share units ("PSUs") granted under the Plan. Each PSU, 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 between 0% and 150% of the target number of PSUs reported above, based on the Compensation Committee's certification of the relative total shareholder return of the Company measured against a peer group of companies for the performance period commencing January 1, 2024 and ending December 31, 2026, and subject to the officer's continued employment through the date of settlement of the PSUs (which will occur within 60 days following the conclusion of the performance period).