Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses MTDR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MTDR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joseph Foran | $1,500,000 | $0 | $3,010,300 | $0 | $3,900,000 | $0 | $26,749 | $8,437,049 |
| Chairman of the Board and Chief Executive Officer | ||||||||
| Van Singleton | 850,000 | 0 | 1,505,150 | 0 | 1,933,750 | 0 | 24,150 | 4,313,050 |
| President-Land, Acquisitions and Divestitures and Planning | ||||||||
| G. Gregg Krug | 850,000 | 0 | 1,505,150 | 0 | 1,933,750 | 0 | 24,150 | 4,313,050 |
| Executive Vice President-Marketing and Midstream Strategy | ||||||||
| Brian Willey | 850,000 | 0 | 1,505,150 | 0 | 1,487,500 | 0 | 24,150 | 3,866,800 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Bryan Erman | 700,000 | 0 | 1,505,150 | 0 | 1,542,500 | 0 | 24,150 | 3,771,800 |
| Executive Vice President, General Counsel and Head of M&A | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Joseph Foran | $8,437,049 | — | — | — |
| Van Singleton | 4,313,050 | — | — | — |
| G. Gregg Krug | 4,313,050 | — | — | — |
| Brian Willey | 3,866,800 | — | — | — |
| Bryan Erman | 3,771,800 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Van Singleton | PSU | — | — | 20,000 | — | — | $663,800 |
| Brian Willey | PSU | — | — | 20,000 | — | — | 663,800 |
| Bryan Erman | RSU | — | — | — | 15,000 | — | 841,350 |
| Brian Willey | RSU | — | — | — | 15,000 | — | 841,350 |
| G. Gregg Krug | RSU | — | — | — | 15,000 | — | 841,350 |
| G. Gregg Krug | PSU | — | — | 20,000 | — | — | 663,800 |
| Van Singleton | RSU | — | — | — | 15,000 | — | 841,350 |
| Bryan Erman | PSU | — | — | 20,000 | — | — | 663,800 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Van Singleton | $841,350 | $663,800 | $0 | 44.1% |
| Brian Willey | 841,350 | 663,800 | 0 | 44.1% |
| Bryan Erman | 841,350 | 663,800 | 0 | 44.1% |
| G. Gregg Krug | 841,350 | 663,800 | 0 | 44.1% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Bryan Erman | PSU | 26,000 | — | $1,462,760 |
| Brian Willey | PSU | 15,000 | — | 843,900 |
| Brian Willey | PSU | 9,214 | — | 518,380 |
| G. Gregg Krug | PSU | 33,046 | — | 1,859,168 |
| Bryan Erman | PSU | 15,000 | — | 843,900 |
| Brian Willey | PSU | 26,000 | — | 1,462,760 |
| Bryan Erman | PSU | 9,214 | — | 518,380 |
| Van Singleton | PSU | 30,000 | — | 1,687,800 |
| G. Gregg Krug | PSU | 30,000 | — | 1,687,800 |
| Van Singleton | PSU | 33,046 | — | 1,859,168 |
Our Board has a pay for performance philosophy and recognizes the leadership of our executive officers in contributing to the Company's achievements. Our future success and ability to create long-term value for our shareholders depend on our ability to attract, retain and motivate highly qualified individuals in the oil and natural gas industry.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-11 | 105,024,470 | 4,302,089 | 332,051 | 95.77% | Passed |
| 2025 | 2025-06-12 | 102,074,053 | 6,399,811 | 193,483 | 93.93% | Passed |
| 2024 | 2024-06-13 | 103,826,855 | 6,122,551 | 109,414 | 94.34% | Passed |
| 2023 | 2023-06-09 | 99,672,347 | 3,517,704 | 185,876 | 96.42% | Passed |
| 2022 | 2022-06-16 | 96,068,149 | 1,743,865 | 117,979 | 98.1% | Passed |
| 2021 | 2021-06-04 | 92,295,294 | 1,695,970 | 253,359 | 97.93% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-11 | 95.77%a |
| 2025 | 2025-06-12 | 93.93%b |
| 2024 | 2024-06-13 | 94.34%c |
a. Approved under the standard stated in the filing — “Abstentions will have the effect as a vote cast against the proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the effect as a vote cast against the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have the effect as a vote cast against the proposal.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 43 : 1 |
|---|---|
| CEO total compensation | $9,775,611 |
| Median employee compensation | $225,777 |
| Annual cash retainer | $85,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 50,000 / 50,000 / 25,000 |
| Stock ownership guideline | $350,000 |
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Matador Resources names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Matador Resources.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Diamondback Energy, Inc. | 2025 | Kaes Van t Hof | $1,109,500 | $11,101,462 | $0 | $2,676,350 | $14,931,423 |
| 2 | Coterra Energy Inc. | 2024 | Thomas Jorden | 1,198,558 | 10,628,850 | 0 | 2,500,000 | 14,748,960 |
| 3 | Ovintiv Inc. | 2025 | Brendan McCracken | 1,185,000 | 9,900,005 | 0 | 2,136,750 | 13,693,140 |
| 4 | Marathon Oil Corp. | 2023 | Lee Tillman | 1,200,000 | 8,668,144 | 0 | 1,980,000 | 12,830,222 |
| 5 | Permian Resources Corp. | 2025 | James Walter | 0 | 11,432,842 | 0 | 0 | 11,432,842 |
| 6 | Matador Resources | 2024 | Joseph Foran | 1,500,000 | 3,010,300 | 0 | 3,900,000 | 8,437,049 |
| 7 | Civitas Resources, Inc. | 2024 | M. Christopher Doyle | 1,431,150 | 6,933,919 | 0 | 0 | 8,385,769 |
| 8 | SM Energy Co. | 2025 | Elizabeth McDonald | 576,369 | 2,299,995 | 0 | 536,024 | 4,475,172 |
| — | Vital Energy, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Magnolia Oil & Gas Corp. | — | — | — | — | — | — | not in coverage universe |
| — | Murphy Oil Corp. | — | — | — | — | — | — | not in coverage universe |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Matador Resources | 260% | PSU 50 · Cash LTI 50 | No | Meridian Compensation Partners, LLC |
| Civitas Resources, Inc. | not disclosed | PSU 70 · RSU 30 | Yes — Absolute TSR | Meridian Compensation Partners, LLC |
| Coterra Energy Inc. | 174% | PSU 50 · RSU 50 | Yes — Relative TSR | Zayla Partners |
| Diamondback Energy, Inc. | 161% | PSU 60 · RSU 40 | Yes — Total Stockholder Return (relative to TSR performance peer group) | Meridian |
| Magnolia Oil & Gas Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Marathon Oil Corp. | 110% | PSU 60 · RSU 40 | No | Meridian Compensation Partners LLC |
| Murphy Oil Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ovintiv Inc. | 140% | RSU 50 · PSU 50 | Yes — Relative TSR | FW Cook |
| Permian Resources Corp. | 150% | PSU 100 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| SM Energy Co. | 93% | PSU 60 · RSU 40 | Yes — Absolute TSR | Frederic W. Cook & Co., Inc. |
| Vital Energy, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Joseph Foran | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Summary Compensation Table”. As printed: 8,437,049. Filing ↗machine: r2 · c6 · span 2079441–2079451 |
| 2 | Section 01, Van Singleton | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Summary Compensation Table”. As printed: 4,313,050. Filing ↗machine: r5 · c6 · span 2092557–2092567 |
| 3 | Section 01, G. Gregg Krug | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Summary Compensation Table”. As printed: 4,313,050. Filing ↗machine: r11 · c6 · span 2115798–2115808 |
| 4 | Section 01, Brian Willey | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Summary Compensation Table”. As printed: 3,866,800. Filing ↗machine: r8 · c6 · span 2105512–2105522 |
| 5 | Section 01, Bryan Erman | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Summary Compensation Table”. As printed: 3,771,800. Filing ↗machine: r14 · c6 · span 2123083–2123093 |
| 6 | Section 03, Van Singleton PSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t48 · r8 · c9 · span 2197589–2197596 |
| 7 | Section 03, Brian Willey PSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t48 · r11 · c7 · span 2217339–2217345 |
| 8 | Section 03, Bryan Erman RSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r6 · c1 · span 1947392–1947398 |
| 9 | Section 03, Brian Willey RSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r4 · c1 · span 1942067–1942073 |
| 10 | Section 03, G. Gregg Krug RSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r5 · c1 · span 1944765–1944771 |
| 11 | Section 03, G. Gregg Krug PSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t48 · r14 · c7 · span 2238384–2238390 |
| 12 | Section 03, Van Singleton RSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t48 · r9 · c9 · span 2204479–2204486 |
| 13 | Section 03, Bryan Erman PSU | DEF 14A | 2025-04-28 | 0001520006-25-000125 | Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t48 · r17 · c7 · span 2259606–2259612 |
| 14 | Section 07, pay ratio | DEF 14A | 2026-04-29 | 0001520006-26-000013 | Section “CEO Pay Ratio”. As printed: 43 : 1. Filing ↗machine: t2 · r23 · c1 · span 103355–103357 |
| 15 | Section 06, 2026 vote | Form 8-K | 2026-06-16 | 0001520006-26-000029 | Item 5.07 · say-on-pay result. As reported: 95.77% (votes for as printed: 105,024,470). Filing ↗ |
| 16 | Section 06, 2025 vote | Form 8-K | 2025-06-17 | 0001520006-25-000176 | Item 5.07 · say-on-pay result. As reported: 93.93% (votes for as printed: 102,074,053). Filing ↗ |
| 17 | Section 06, 2024 vote | Form 8-K | 2024-06-18 | 0001520006-24-000150 | Item 5.07 · say-on-pay result. As reported: 94.34% (votes for as printed: 103,826,855). Filing ↗ |
| 18 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 19 | Diamondback Energy, Inc., Section 10b CEO total | DEF 14A | 2026-04-09 | 0001308179-26-000242 | CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. Filing ↗machine: t243 · span 824819–824829 |
| 20 | Coterra Energy Inc., Section 10b CEO total | DEF 14A | 2025-03-20 | 0001104659-25-026126 | CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. Filing ↗machine: t61 · r1 · c63 · span 936374–936384 |
| 21 | Ovintiv Inc., Section 10b CEO total | DEF 14A | 2026-03-25 | 0001193125-26-124351 | CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. Filing ↗machine: r3 · c31 · span 1274573–1274583 |
| 22 | Marathon Oil Corp., Section 10b CEO total | DEF 14A | 2024-04-10 | 0000101778-24-000082 | CEO total compensation as printed in Marathon Oil Corp.'s own proxy. As printed: 12,830,222. Filing ↗machine: t76 · r2 · c23 · span 726272–726282 |
| 23 | Permian Resources Corp., Section 10b CEO total | DEF 14A | 2026-04-06 | 0001658566-26-000062 | CEO total compensation as printed in Permian Resources Corp.'s own proxy. As printed: 11,432,842. Filing ↗machine: t148 · r5 · c4 · span 957173–957183 |
| 24 | Matador Resources (subject), Section 10b CEO total | DEF 14A | 2025-04-28 | 0001520006-25-000125 | CEO total compensation as printed in Matador Resources's own proxy. As printed: 8,437,049. Filing ↗machine: r2 · c6 · span 2079441–2079451 |
| 25 | Civitas Resources, Inc., Section 10b CEO total | DEF 14A | 2025-04-21 | 0001558370-25-005077 | CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. Filing ↗machine: t156 · r5 · c14 · span 1210375–1210384 |
| 26 | SM Energy Co., Section 10b CEO total | DEF 14A | 2026-04-08 | 0000893538-26-000048 | CEO total compensation as printed in SM Energy Co.'s own proxy. As printed: 4,475,172. Filing ↗machine: span 673171–673180 |
| 27 | Section 10a, Ovintiv Inc. reciprocity | DEF 14A | — | 0001193125-26-124351 | Ovintiv Inc. names Matador Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 28 | Section 10a, Permian Resources Corp. reciprocity | DEF 14A | — | 0001658566-26-000062 | Permian Resources Corp. names Matador Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 29 | Section 10a, Civitas Resources, Inc. reciprocity | DEF 14A | — | 0001558370-25-005077 | Civitas Resources, Inc. names Matador Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 30 | Section 10a, Coterra Energy Inc. reciprocity | DEF 14A | — | 0001104659-25-026126 | Coterra Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Matador Resources. Filing ↗ |
| 31 | Section 10a, SM Energy Co. reciprocity | DEF 14A | — | 0000893538-26-000048 | SM Energy Co. names Matador Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 32 | Section 10a, Diamondback Energy, Inc. reciprocity | DEF 14A | — | 0001308179-26-000242 | Diamondback Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Matador Resources. Filing ↗ |
| 33 | Section 10a, Marathon Oil Corp. reciprocity | DEF 14A | — | 0000101778-24-000082 | Marathon Oil Corp.'s most recent proxy was read; its disclosed peer group does not include Matador Resources. Filing ↗ |