Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 82

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 82
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 calculations are as follows: (a) for PSUs granted in 2019, (i) expected volatility of percent and risk-free interest rate of percent as of December 31, 2020, and (ii) expected volatility of percent and risk-free interest rate of percent as of December 31, 2019; (b) for PSUs granted in 2020, (i) expected volatility of percent and risk-free interest rate of percent as of December 31, 2021, and (ii) expected volatility of percent and risk-free interest rate of percent as of December 31, 2020; (c) for PSUs granted in 2023, (i) expected volatility of percent and risk-free interest rate of percent as of December 31, 2023, and (ii) expected volatility of percent and risk-free interest rate of percent as of December 31, 2024; and (d) for PSUs granted in 2024, expected volatility of percent and risk-free interest rate of as of December 31, 2024. For a discussion of the assumptions made in the valuation of these awards at grant, see Note 12—Stock Based Compensation to our audited financial statements included in our 2024 Form 10-K and in our Form 10-Ks for prior years, as applicable.

| (2) | Mr. Chazen, who served as our Chairman, President and Chief Executive Officer from the date of our Business Combination until September 20, 2022, is included as PEO 1 for fiscal years 2022, 2021, and 2020. He received no equity awards from the Company during his tenure. As a result, no amounts have been deducted from or added to the Summary Compensation Table Total amounts reported for him in the preceding column, and therefore the compensation actually paid to Mr. Chazen during fiscal years 2022, 2021, and 2020 is identical to the Summary Compensation Table total amounts for such fiscal years. |

| (3) | Mr. Stavros was appointed as our President and Chief Executive Officer effective September 21, 2022 and is included as PEO 2 for fiscal years 2022, 2023, and 2024. From the Summary Compensation Table Total amount reported for him in the preceding column, the following amounts were deducted and added for him for 2024 as indicated below: |

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