Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 91

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 91
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 to approve Magnolia’s executive compensation program. As further required by Section 14A of the Exchange Act and the related rules of the SEC, this Proposal 3 provides our stockholders with an opportunity to cast an advisory vote on the frequency of future say-on-pay votes. |
| THE BOARD RECOMMENDS THAT THE CLASS A AND CLASS B STOCKHOLDERS, VOTING AS A SINGLE CLASS, VOTE “FOR” CHOICE ONE—A “1 YEAR” FREQUENCY FOR FUTURE SAY-ON-PAY VOTES. |                                                                                                                                                                                                                                                                                                                                                                                  |

Advisory Say-on-Frequency Vote This advisory vote on the frequency of say-on-pay votes is a non-binding vote as to how often future say-on-pay votes to approve Magnolia’s executive compensation should occur. Section 14A requires Magnolia to hold an advisory vote on the frequency of say-on-pay votes at least once every six years. The Board recommends that the advisory say-on-pay vote to approve executive compensation be held on an annual basis every year, as the Company has done since 2019. In formulating its recommendation on this Proposal, the Board also considered that an advisory vote on executive compensation every year best enables stockholders to timely express their views on Magnolia’s executive compensation program and provides the Board and the Compensation Committee with current guidance on stockholder sentiment. Stockholders are being asked to vote among the following frequency options (not solely for or against the recommendation of the Board):

| ​             | ​                               |
| Choice One:   | A say-on-pay vote every 1 year  |
| Choice Two:   | A say-on-pay vote every 2 years |
| Choice Three: | A say-on-pay vote every 3 years |
| Choice Four:  | Abstain from voting             |

An advisory vote on the frequency of future say-on-pay votes is not binding on the Company, the Board, or the Compensation Committee. However, we value the input of our stockholders and will take into account the result of the vote when determining the frequency of future say-on-pay votes. Vote Required and Board Recommendation Approval of this Proposal requires the affirmative vote of a majority of the votes cast by holders of outstanding shares of Class A Common Stock and Class B Common Stock present in person or represented by proxy and entitled to vote thereon at the Annual Meeting, voting as a single class. Because this Proposal has three possible substantive responses (1 year, 2 years, or 3 years), if none of these frequency alternatives receives the majority