Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 41

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 41
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 believe companies across the E&P industry compete for similar executive talent and exhibit similar compensable factors. Based on FW Cook’s screening process, the Compensation Committee adopted the Compensation Peer Group below for purposes of evaluating 2024 compensation (the “2024 Compensation Peer Group”) for Named Executive Officers. The Company was positioned slightly above the median of the 2024 Compensation Peer Group for market capitalization.

| 2024 Compensation Peer Group (1) |   |                                 |   |                             |
| Callon Petroleum Company (2)     |   | Gulfport Energy Corporation (1) |   | Range Resources Corporation |
| Chord Energy Corporation         | ​ | Kosmos Energy Ltd.              | ​ | SM Energy Company           |
| Civitas Resources, Inc.          | ​ | Matador Resources Company       | ​ | Talos Energy Inc.           |
| CNX Resources Corporation        | ​ | Murphy Oil Corporation          | ​ | Vital Energy, Inc.          |
| Comstock Resources, Inc.         | ​ | Permian Resources Corporation   | ​ | ​                           |

| (1) | PDC Energy, Inc. was removed from the prior Compensation Peer Group established for 2023 compensation purposes because it was acquired by Chevron Corporation in August 2023. Gulfport Energy Corporation was added to the Compensation Peer Group for 2024 as it is comparable in size to Magnolia. |

| (2) | In April 2024, Callon Petroleum Company was acquired by APA Corporation. |

| ​                  |  ​ | ​                    |
| Magnolia Oil & Gas | 35 | 2025 Proxy Statement |

Compensation Discussion and Analysis

Key Components of our Compensation Policy Total 2024 direct compensation received by our Named Executive Officers is comprised of the elements included in the chart below. Indirect compensation (such as retirement and health and welfare benefits) are discussed under “—2024 Compensation Decisions—Other Compensation—Other Benefits” below.

| Compensation Element     | Purpose                                                                                                                                 | Description and Valuation                                                                                                                                                                                                                                                                                                   |
| Base Salary              | Provide market competitive level of fixed compensation for the fundamental duties required of the position to attract and retain talent | Provides a base level of financial security and compensates executive officers for their skills, capabilities, experience, and leadershipReflects the responsibilities of the role, expected contributions to Company success, internal pay equity, and relative position to the market                                     |
| Annual Cash Bonus Awards | Motivate and reward performance achievement against annual quantitative and qualitative performance metrics                             | ◾75