Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 89

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 89
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| Equity compensation plans approved by security holders     | ​ |                  2,446,929 | ​ | n/a                           | ​ |                   10,451,769 | ​ |
| Equity compensation plans not approved by security holders |   |                        n/a |   | n/a                           |   |                          n/a | ​ |
| TOTAL                                                      |   |                  2,446,929 |   | n/a                           |   |                   10,451,769 | ​ |

| (1) | Of the 2,446,929 shares of Class A Common Stock shown in the table above as securities to be issued upon exercise of outstanding options, warrants and rights, 1,408,980 were subject to RSUs (including all RSUs held in the non-employee director nonqualified deferred compensation plan as of December 31, 2024), 792,422 were subject to PSUs (measured at the maximum performance level of 150 percent of target), and 245,527 were subject to PRSUs (measured at target level). |

| (2) | We have not granted any options under the Long Term Incentive Plan. RSU, PSU and PRSU awards outstanding as of December 31, 2024 are not subject to exercise and do not have an exercise price. |

| ​                  |  ​ | ​                    |
| Magnolia Oil & Gas | 66 | 2025 Proxy Statement |

Proposal 2: Advisory Vote on Executive Compensation

| PROPOSAL 2 —                                                                                                                        
 Advisory Vote on Executive Compensation                                                                                             | As required by Section 14A of the Exchange Act and the related rules of the SEC, our stockholders have the opportunity to cast an advisory vote to approve the compensation of our Named Executive Officers as disclosed in this proxy statement. |
| THE BOARD RECOMMENDS THAT THE CLASS A AND CLASS B STOCKHOLDERS, VOTING AS A SINGLE CLASS, VOTE “FOR” THE APPROVAL OF THIS PROPOSAL. |                                                                                                                                                                                                                                                   |

Advisory Say-on-Pay Vote We believe Magnolia’s long term success depends in large measure on the talents of our officers and other employees. Our compensation system plays a significant role in our ability to attract, retain, and motivate the highest quality individuals. We further believe the compensation provided to our Named Executive Officers for 2024 appropriately links executive compensation to performance, aligning the interests of our executive officers and those of our stockholders. We encourage