Company: MGY
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001698990-25-000006
Chunk: 127

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 127
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 through the date of settlement of the PSUs, which will occur within 60 days following the end of the performance period. The aggregate fair value of PSUs that vested during the years ended December 31, 2024, 2023, and 2022 were $0.7 million, $6.7 million, and $5.5 million, respectively. Unrecognized compensation expense related to unvested PSUs as of December 31, 2024 was $6.5 million, which the Company expects to recognize over a weighted average period of 1.8 years.Years EndedPRSU and PSU Grant Date Fair Value AssumptionsDecember 31, 2024December 31, 2023December 31, 2022Expected term (in years)2.882.883.55Expected volatility45.09%60.80%59.58%Risk-free interest rate4.35%4.15%1.89%Dividend yield2.48%1.93%1.97%

13. Earnings Per Share

The Company’s unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed participating securities, and therefore dividends and net income allocated to such awards have been deducted from earnings in computing basic and diluted net income per share under the two-class method. Diluted net income per share attributable to Class A Common Stock is calculated under both the two-class method and the treasury stock method and the more dilutive of the two calculations is presented. 

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The components of basic and diluted net income per share attributable to Class A Common Stock are as follows:Years Ended(In thousands, except per share data)December 31, 2024December 31, 2023December 31, 2022Basic:Net income attributable to Class A Common Stock$366,027 $388,301 $893,837 Less: Dividends and net income allocated to participating securities4,497 4,345 8,204 Net income, net of participating securities$361,530 $383,956 $885,633 Weighted average number of common shares outstanding during the period - basic186,465 188,174 187,433 Net income per share of Class A Common Stock - basic$1.94 $2.04 $4.73 Diluted:Net income attributable to Class A Common Stock$