Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 79

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 79
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 for the 2023 PSUs, would place it in the 79th percentile as compared to the applicable TSR Peer Group (with an absolute TSR of 10.1 percent), resulting in a payout of 149% of target, and (ii) for the 2024 PSUs, would place it in the 92nd percentile as compared to the applicable TSR Peer Group (with an absolute TSR of 17.8 percent), resulting in a payout of 150 percent of target; and (b) for scenarios not involving a Change in Control, the target number of the 2023 PSUs and 2024 PSUs awarded to the Named Executive Officer. |

| (4) | Does not reflect any reduction that may be made due to application of the Executive Severance Plan’s 280G “best net” provision. |

| ​                  |  ​ | ​                    |
| Magnolia Oil & Gas | 59 | 2025 Proxy Statement |

CEO Pay Ratio As required by Item 402(u) of Regulation S-K, we are providing the following information:

| ​                                     
 ​                                     
 ​                                     | ​ | ​                  
 Total Compensation 
 for 2024           |         ​ |  ​ 
  ​ | ​                                                                                                
 CEO to Median Employee                                                                           
 Pay Ratio                                                                                        |
|:--------------------------------------|:--|:-------------------|----------:|---:|:-------------------------------------------------------------------------------------------------|
| President and Chief Executive Officer | ​ | $                  | 8,361,249 | -1 | 39 to 1                                                                                          |
| ​                                     | ​ | ​                  |         ​ |  ​ | ​                                                                                                |
| Median Employee                       | ​ | $                  |   211,780 | -2 | -for every $1 earned by the Median Employee, our President and Chief Executive Officer earns $39 |
| ​                                     | ​ | ​                  |         ​ |  ​ | ​                                                                                                |

| (1) | With respect to the total compensation of our President and Chief Executive Officer, we used the amount reported for Mr. Stavros for 2024 in the “Total” column of our 2024 Summary Compensation Table included in this proxy statement. |

| (2) | Total compensation for 2024 for our Median Employee was calculated by adding together the following elements of such employee’s compensation for fiscal year 2024 in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K: (a) the Median Employee’s salary paid during