Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 49

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 49
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 Named Executive        
 Officer                | ​ 
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 2023 Annual LTI 
   Target Amount 
  (Dollar Value) | ​ 
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 ​ | ​                  
 ​                  
 2024 Annual LTI    
 Target Amount      
 (Dollar Value) (1) |         ​ 
         ​ | ​ 
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   2024 Annual Long Term 
 Equity-Based Awards (2) 
                    RSUs 
                       ​ | ​ 
 ​ 
 ​ |               ​ 
            PSUs 
 (Target Number) |
|:-----------------------|:--|:--|----------------:|:--|:-------------------|----------:|:--|------------------------:|:--|----------------:|
| Christopher G. Stavros | ​ | $ |       3,600,000 | ​ | $                  | 6,000,000 | ​ |                 147,856 |   |         147,856 |
| Brian M. Corales       | ​ | $ |       1,051,050 | ​ | $                  | 2,500,000 | ​ |                  61,606 |   |          61,606 |
| Timothy D. Yang        | ​ | $ |       1,641,900 | ​ | $                  | 1,750,000 | ​ |                  43,124 |   |          43,124 |
| Steve F. Millican      | ​ | $ |       1,100,000 | ​ | $                  | 1,138,500 | ​ |                  28,055 |   |          28,055 |

| (1) | The Compensation Committee reviewed long term incentive award data for similarly situated executives in the 2024 Compensation Peer Group with FW Cook and decided to set the 2024 “Annual LTI Target Amount” for each Named Executive Officer as a specified dollar amount that would competitively position their target total direct compensation relative to the applicable market data. For 2023, the “Annual LTI Target Amount” for the Named Executive Officers (other than Mr. Stavros) was tied to a percentage of base salary (325 percent for Mr. Yang and 275 percent for Messrs. Corales and Millican). Messrs. Stavros and Corales each received larger