Brian J. Willey is the Chief Executive Officer of Matador Resources Company, having been promoted to this role in February 2023. He has a solid background in finance and has been with Matador since 2014, starting as Deputy General Counsel....

Number of Employees

395

Year

2023

Total Compensation

$1.99M

Salary

$600.00K

Board Justification

The compensation program is designed to attract, retain, and motivate executives, aligning their interests with those of shareholders through a pay-for-performance philosophy.

Bonus

$1.37M

Board Justification

Annual cash incentive compensation based on performance metrics achieved in 2023, with a target opportunity of 100% of base salary and a maximum opportunity of 175%.

Other

$23.10K

Board Justification

Includes 401(k) Company and matching contributions and long-term care insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus was on cash-settled phantom units and performance stock units, which are not included in this report.

Performance Metrics

Performance metrics included net debt to adjusted EBITDA, adjusted operating costs per BOE, return on average capital employed, and total shareholder return relative to peers.

SEC Filing

From April 26, 2024