Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 66

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 66
---
2/13/2024 |   |            43,124 | -4 | $               | 1,008,239 | ​ |                 64,686 | -5 | $ |              1,512,359 | ​ |
| ​                      | ​ | ​         | ​ |                 ​ |  ​ | ​               |         ​ | ​ |                      ​ |  ​ | ​ |                      ​ | ​ |

| (1) | Includes the following awards: |

| b. | PRSUs (subject to ratable vesting) granted on February 16, 2022, of which the following amounts remained unvested as of December 31, 2024: (i) 16,976 PRSUs for Mr. Stavros, (ii) 1,690 PRSUs for Mr. Corales, and (iii) 11,889 PRSUs for Mr. Yang. Under the terms of these PRSUs, a Named Executive Officer could earn either 0 percent or 100 percent of the target award based on whether Magnolia’s stock price achieves a target average stock price for any 20 consecutive trading days during the performance period beginning February 16, 2022 and ending on February 15, 2027. The Compensation Committee certified that the stock price performance condition was achieved as of March 28, 2022, and the earned PRSUs remained subject solely to continued service vesting conditions after that date. These PRSUs vested or vest in three equal installments on March 1, 2023, 2024, and 2025, subject to continued service through the vesting dates. |

| c. | PRSUs (subject to cliff vesting) granted on February 16, 2022, of which the following amounts remained unvested as of December 31, 2024: (i) 52,125 PRSUs for Mr. Stavros, (ii) 6,268 PRSUs for Mr. Corales, and (iii) 36,864 PRSUs for Mr. Yang. Under the terms of these PRSUs, a Named Executive Officer could earn either 0 percent or 100 percent of the target award based on whether Magnolia’s stock price achieves a target average stock price for any 20 consecutive trading days during the performance period beginning February 16, 2022 and ending on February 15, 2027. The Compensation Committee