Company: MGY
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001698990-25-000013
Chunk: 22

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 22
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), which will occur within 60 days following the end of the performance period. No liability-classified PSUs vested during the three months ended March 31, 2025 and 2024. Unrecognized compensation expense related to unvested liability-classified PSUs as of March 31, 2025 was $7.5 million, which the Company expects to recognize over a weighted average period of 1.6 years.The following table summarizes the Monte Carlo simulation assumptions used to remeasure the fair value of the liability-classified PSUs as of March 31, 2025.Liability-classified PSU Remeasurement Fair Value AssumptionsMarch 31, 2025Expected term (in years)0.75 - 2.75Expected volatility28.76% - 36.28%Risk-free interest rate3.81% - 4.04%Dividend yield2.47%

12. Earnings Per Share

The Company’s unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed participating securities, and therefore dividends and net income allocated to such awards have been deducted from earnings in computing basic and diluted net income per share under the two-class method. Diluted net income per share attributable to Class A Common Stock is calculated under both the two-class method and the treasury stock method and the more dilutive of the two calculations is presented. 

14

The components of basic and diluted net income per share attributable to Class A Common Stock are as follows:Three Months Ended(In thousands, except per share data)March 31, 2025March 31, 2024Basic:Net income attributable to Class A Common Stock$102,927 $85,086 Less: Dividends and net income allocated to participating securities1,610 1,101 Net income, net of participating securities$101,317 $83,985 Weighted average number of common shares outstanding during the period - basic188,653 182,368 Net income per share of Class A Common Stock - basic$0.54 $0.46 Diluted:Net income attributable to Class A Common Stock$102,927 $85,086 Less: Dividends and net income allocated to participating securities1,610 1,101 Net income, net of participating securities$101,317 $83,985 Weighted average number of common shares outstanding during the period -