Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 34

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 34
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ch and Mr. Walker) held 6,364 unvested RSUs (except Mr. Smith, who held 9,257 unvested RSUs). All such unvested RSUs are scheduled to vest on May 6, 2025, subject to the non-employee director’s continued service through such date. Ms. Busch and Mr. Walker departed from the Board during 2024, and each held 0 unvested RSUs as of December 31, 2024. In connection with his appointment to the Board, Mr. Khani also received an initial equity award equal to 1,998 RSUs with a grant date fair value of $20.25 per share, which was the closing price of our Class A Common Stock on February 6, 2024, the grant date of his initial equity award. This RSU award vested in full on May 6, 2024. As of December 31, 2024, Ms. Acosta held 11,733 RSUs (including 733 additional RSUs credited as dividend equivalents) in the nonqualified deferred compensation plan, and Mr. Khani held 8,362 RSUs in the nonqualified deferred compensation plan.

| (2) | Ms. Busch did not stand for re-election at the 2024 Annual Meeting of Stockholders, and her tenure on the Board ended on May 6, 2024. As a result, she did not receive an annual RSU award for 2024. The deferred RSUs previously held by Ms. Busch in the nonqualified deferred compensation plan were paid to her in connection with her departure from the Board in accordance with the terms of the plan, as described above under “—Non-Employee Director Compensation Program—Equity Awards.” |

| (3) | Mr. Khani was appointed as a non-employee director of the Board, effective February 6, 2024, and was elected to a one-year term at our 2024 Annual Meeting of Stockholders. |

| (4) | Ms. Szabo was nominated for election to the Board at the 2024 Annual Meeting of Stockholders to fill the open position created by Ms. Busch not standing for re-election. |

| (5) | Mr. Walker resigned from the Board effective October 31, 2024. The 6,364 RSUs granted to Mr. Walker as his 2024 annual equity award, the value of which is reported in